$STO has dropped 37 percent in the latest session highlighting the extreme volatility still present in select pairs even as broader market sentiment improves from positive US jobs data. The price action shows an aggressive breakdown with overextended structure and fading volume on any bounces. 
Traders discussing STO alongside $SOLV have noted similar sharp moves that often precede either deep capitulation or violent short covering bounces.
Short term outlook calls for caution with high volatility expected until clear support forms. While the macro environment favors risk assets this particular name is decoupling negatively and requires tight risk management. Watch for any volume surge that could signal reversal but until then the path of least resistance remains lower.
Is $STO a buy the dip or more downside coming
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