$STO – Running Into Resistance, Momentum Fading

Trade Plan: Short $STO (Max 10x Leverage)

Entry: 0.124 – 0.130

Stop Loss: 0.14

Take Profit Targets:

TP10.115

TP20.105

TP30.095

After a strong impulsive move to the upside, price is now approaching a key resistance zone where momentum is starting to slow. The rally showed strength initially, but follow-through is weakening and price action is becoming increasingly choppy — a typical sign of exhaustion.

When an asset extends into resistance with fading momentum, it often signals a potential pullback as buyers lose control and sellers begin to step in.

This setup favors a short position, targeting a retracement from the current overextended levels.

Trade $STO here 👇

STO

0.1912

+35.12%