📉 $STO Short Setup: Rejection at Resistance!
The massive pump on $STO has hit a wall. We are seeing clear rejection at the overhead resistance, signaling that the bulls are exhausted. A healthy pullback is likely on the horizon.
⚡ The Trade Plan
| Target | Level |
|---|---|
| Entry Zone | 0.1540 – 0.1580 |
| Stop Loss | 0.1645 |
| Take Profit 1 | 0.1450 |
| Take Profit 2 | 0.1320 |
| Take Profit 3 | 0.1200 |
🎯 Strategy
* Type: Swing Short
* Reasoning: Price is showing exhaustion candles at the top. Risk-to-reward is looking sharp for a move back to the local support levels.
Trade here: $STO
STOUSDT
Perp
0.15087
+27.11%