📉🔥 $STO /USDT in a state of overbought – deeper correction expected towards $0.130
After the strong rise, the $STO coin appears to be in a state of overbought with signs of weakness emerging. The clear rejection near the $0.16 area indicates profit-taking, increasing the likelihood of a deeper correction.
Trading plan: Sell (Short)
🔻 Entry area: $0.150 – $0.160
🛑 Stop loss: $0.168
🎯 First target: $0.142
🎯 Second target: $0.135
🎯 Third target: $0.130
On smaller time frames, selling pressure is increasing and the market structure is weakening, supporting a bearish scenario.
📊 Current price: $0.1495 (+30.56%)