They’re chasing the breakout, but smart money waits for exhaustion on moves like this.
$STO /USDT – SHORT
Trade Plan:
Entry: 0.1620 – 0.1650
SL: 0.1695
TP1: 0.1555
TP2: 0.1480
TP3: 0.1395
Why this setup?
Parabolic move (+40%+) with price extended far above moving averages — classic overextension. Current zone near 0.1640 shows early rejection signs after a strong push. Volume spike without continuation suggests potential local top forming. Expect pullback as momentum cools.
Debate:
Is this a continuation breakout… or the final squeeze before a sharp correction?
Click here to Trade 👇️$STO
STOUSDT
Perp
0.14095
-9.21%