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I have been watching this $STO for the last one month and it is not moving forward.
After going only 20 to 30% 2 to 3 times, it is again coming at the same position of .088-.090.
People are starting to invest money as soon as the price increases a little, people are thinking 20% bada hai aur yeh ab 100% jayega aur jo paise laga rhe hai 15% se jyada loss karne lag rhe hai
And the old people who bought it for less than $1 or more are still holding on to hope and expectation.
Given the 4.2x volume spike and aggressive -4.1% dump, this looks more like aggressive distribution by smart money rather than just panic selling. There's little evidence of absorption or reversal yet.
- I expect more downside unless price quickly reclaims above 0.8204 with confirmation. The immediate target for sellers is 0.7931, but if broken, 0.7493 and 0.7100 are realistic next levels.
Trade setup for shorts: Wait for a weak bounce to 0.8204 or a lower high formation with rejection (look for bearish engulfing or pin bars on 5m/15m). Enter around 0.8204, target 0.7931 then 0.7493. Stop-loss should be placed above the most recent swing high that confirms the setup is invalidated.
Trade setup for longs (only for experienced traders): If price sweeps below 0.7931 and there is a sharp V-reversal or clear absorption (strong bullish candles, lower timeframe confirmation), consider a quick scalp back towards 0.8204.
- If price manages to reclaim and hold above 0.855 with strong bullish confirmation, this bearish outlook is invalidated and I would expect a move toward 0.8837 or higher.
This is not investment advice, just an educational analysis on how smart money and order flow play out in high-volume, high-volatility scenarios. Always wait for confirmation on lower timeframes and manage your risk strictly!
I think BTC will reach the $68000 - $70000 zone soon, fill the CME gap there and there will be important point for next swing. Either we hold the zone and target $80k- $82k zone (also CME GAP). Or break the $68000 level and create new low. For now im still holding short positions, reaction at the given level will decide about exiting the trades or keep holding for bigger return. I will keep You updated.