【$STO Signal】Short squeeze continues, pullback is a buy signal

$STO 1H RSI skyrocketed to 78, with price hugging the upper Bollinger Band. The 4-hour chart has broken out of the Bollinger Bands, MACD histogram continues to expand, open interest remains at a historical high, and the price remains resilient in a negative funding rate environment—typical of a short squeeze structure.

🎯Direction: Long

⚡Entry/Order: Accumulate in the 0.0883 - 0.0906 range

🛑Stop Loss: 0.0860

🚀Target 1: 0.1083

🚀Target 2: 0.1172

🛡️Trade Management:
- Execution Strategy: Reduce half of the position at Target 1, move the remaining stop loss up to the entry price. If the price fails to hold above 0.099 and quickly falls back, consider exiting early.

Sell pressure at the 0.100 level has accumulated 270,000 coins, serving as short-term resistance. However, buy orders below 0.0996 are gradually increasing, indicating clear support intent. 1-hour volume significantly expands during price rallies, with continuous active buying. This combination of negative funding rate + high open interest + upward price movement offers a risk-reward ratio of over 4:1, making a pullback a good opportunity to bet on the continuation of the short squeeze.

View real-time market 👇 $STO
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