To be honest, I stared at this $STO position for a while. The 0.04492–0.04504 range is basically a hard shell—every time it pushes up, it gets smashed back down. How many people were fooled by the long lower wick on the 4-hour chart? And now it’s back where it started. The daily chart is still pressing its head downward. The volume looks off: the 15-minute trading suddenly spiked to 4 times the normal level—full of sell orders stacked at the top. This isn’t something retail traders can knock down.
I feel like this rebound is a trap. The bulls have run out of momentum. Short positions are already placed; we’ll just wait for it to slide down on its own.
🔴 Trade Direction: Sell (Short)
📍 Entry Range: 0.04492 – 0.04504
🛑 Stop Loss: 0.04556
🎯 Take Profit 1: 0.04454
🎯 Take Profit 2: 0.04425
🎯 Take Profit 3: 0.04382
#STO
Click below to trade👇👇👇
I feel like this rebound is a trap. The bulls have run out of momentum. Short positions are already placed; we’ll just wait for it to slide down on its own.
🔴 Trade Direction: Sell (Short)
📍 Entry Range: 0.04492 – 0.04504
🛑 Stop Loss: 0.04556
🎯 Take Profit 1: 0.04454
🎯 Take Profit 2: 0.04425
🎯 Take Profit 3: 0.04382
#STO
Click below to trade👇👇👇