STO is showing early signs that the recent relief bounce is being tested again, and this level is now the key area for direction.
After a short bounce from recent lows, price is already facing renewed correction pressure.
The market is now at a zone where it either holds structure and builds a slow recovery, or loses momentum and the bounce fades.
Short-term outlook:
If buyers defend this area, stabilization can form
If selling pressure increases, recent gains may unwind
With the unlock event on May 3rd approaching, volatility is expected to rise, making this level even more important for short-term direction.
⚡ Final thought:
This move will show whether the bounce had real strength or was just temporary relief.