$STO : Approaching the Exhaustion Point
The recent rally on $STO has been impressive, but the momentum is clearly hitting a wall. We are seeing heavy resistance coupled with "choppy" price action—a classic sign that buyers are tired and profit-taking is about to begin.
With the price overextended, the risk-to-reward ratio now heavily favors a mean-reversion move (pullback).
The Game Plan (Short)
Strategy: Fade the move into resistance.
Leverage: Max 10x
Entry Zone: 0.124 – 0.130
Stop Loss: 0.140 (Invalidation point)
Take Profit Targets
0.115 (Initial liquidity)
0.105 (Structural support)
0.095 (Full retracement)
Pro Tip: Keep an eye on the 4-hour candle closes. If we see a "long wick" rejection in the entry zone, it confirms our bearish thesis.
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