$STO is down 95%, so why isn't it bouncing back?
The answer lies in the smart money positioning data.
Stop thinking that STO has reached a bottom.
And stop blindly bottom-fishing for a rebound.
What you think is a bottom is actually a slaughterhouse for shorts.
1. Among 10 whales playing STO, 6 are shorting.
Whales' short positions are over 5 times bigger than their longs.
Big money doesn't see this as a bottom; why are you risking retail funds for a reversal?
2. Everyone trying to catch the bottom is stuck holding bags.
Whether it's regular traders or large long positions,
the average entry price is around 0.11.
Current price at 0.09 means an average loss of 20%.
Even if there's a bounce, your first move is to break even and run.
It's all selling pressure; how could it possibly pump?
3. Thinking about squeezing the shorts? Not a chance.
Shorts' average entry price is above 0.12.
They've already made 75%, and their cushion is ridiculous.
Even if it bounces to 0.12, they're just taking some profits.
No way they'll get liquidated; instead, they'll add to their shorts.
Your little bottom-fishing funds are just cash for the shorts.
To be real, this little rebound
is just an emotional pullback after a massive drop, with no substantial support.
There's no influx of capital, no project benefits; it's all retail emotions.
It can't sustain a continuous rally.
As for the future, even if it spikes short-term, 0.1-0.11 is the ceiling.
Bag holders breaking even + shorts adding positions will smack it down.
Mid-term, it's likely to continue its slow decline, first testing the previous low of 0.072.
Once it breaks below that, there is no effective support below.
#STO #抄底避坑 #巨鲸持仓