【$STO Signal】Short covering rebound, buy the dip

$STO 1H timeframe surges then pulls back, the price quickly retraced from a high of 0.1957 to around 0.18 for consolidation. The lower band support of the 4H Bollinger Bands is effective, and the MACD histogram on the 1H chart is shrinking above the zero line, indicating weakening momentum but not yet turning bearish. Currently, the negative fee rate is -0.1096%, open interest remains stable, and selling pressure is being quickly absorbed.

🎯Direction: Long

⚡Entry/Order: Buy in batches around 0.1804 - 0.1810

🛑Stop Loss: 0.1770

🚀Target 1: 0.1880

🚀Target 2: 0.1950

🛡️Trade Management:
- Execution Strategy: Reduce half of the position after the price reaches 0.1880, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.1830, consider exiting early.

Order book shows a very thick buy wall below 0.1804, indicating strong support from funds. The 1-hour RSI has fallen back from overbought territory to 56, which is a healthy correction. The 4-hour chart remains in the lower half of the Bollinger Bands with ample space above. In this negative fee environment, the price holding firm itself is a sign of strength, and short covering could trigger a new rally. The risk-reward ratio exceeds 3:1, making it worth a try.

View real-time market 👇 $STO
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