$STO – Weak Structure Below Resistance, Downside Continuation Likely 📉
Trading Plan (Short)
Entry: 0.360 – 0.390
SL: 0.540
TP1: 0.350
TP2: 0.320
TP3: 0.280
$STO USDT is currently trading around 0.3630, hovering just above the recent low support at 0.3509 while staying far below the MA 7 resistance at 0.5344.
On the 1H timeframe, structure is clearly weak with no strong bullish recovery. Price is unable to move toward higher resistance zones, indicating lack of buyer strength.
The large gap between current price and resistance shows how heavy the selling pressure has been. Any small bounce is likely to be corrective rather than a trend reversal.
If price breaks below 0.3509, it can trigger further downside as liquidity below gets taken and sellers push the market lower.
Unless STO reclaims and holds above 0.5344, the overall bias remains bearish and rallies should be treated as shorting opportunities.
This setup is based on weak structure + failure to reclaim resistance + pressure near support — favoring downside continuation.
Trade $STO here 👇 📉
