【$STO Signal】Shorts continue, buy on dip

$STO 1H timeframe price has broken above the upper Bollinger Band, RSI soared to 90, indicating extreme overbought conditions. However, open interest remains stable, and funding rates are only 0.005%, so shorts have not significantly capitulated. The 4-hour MACD fast and slow lines are opening upward, with momentum bars continuously expanding, indicating a healthy bullish trend.

🎯Direction: Long

⚡Entry/Order: Accumulate in the 0.1150 - 0.1180 zone

🛑Stop Loss: 0.1099

🚀Target 1: 0.1504

🚀Target 2: 0.1667

🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.

After this level of rally, there is usually a retest of the 1-hour EMA20 for confirmation. Market data shows that buy orders below 0.1361 are significantly thicker than sell orders, indicating clear support from funds. The current risk-reward ratio is close to 4:1, making the odds favorable. The key is to patiently wait for the price to pull back to the ideal entry zone rather than chasing high. Volume contraction during the pullback is a right-side confirmation signal.

View real-time market 👇 $STO
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