$STO Update: Holding Support or Preparing for a Breakdown?
($STO) is currently showing a neutral-to-bullish stance on the 1H chart, trading at 0.0769 with a +12.43% gain. The price is hovering just above the SuperTrend support level of 0.0746, while the RSI (6) has cooled down to 48.04, indicating that the previous overbought momentum has reset.
🎯 Trade Setup
EP (Entry): 0.0750 – 0.0775
TP (Targets)
TP1: 0.0820
TP2: 0.0850
TP3: 0.0910
SL (Stop Loss): 0.0735
💡 Technical Summary
The chart shows ($STO) is testing a critical liquidity zone near the 0.0746 SuperTrend floor after a rejection from the 24h high of 0.0854. A bounce here could confirm a higher low for a trend continuation, but a close below the green support line would likely lead to a deeper retest of the 0.0700 psychological level.
Do you think ($STO) will hold this support for another leg up, or are the bears taking over?👇
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