#STO — Breakout Potential Building 🔍
#STO has been trading within a descending channel, reflecting a mid-term corrective structure.
Recently, the price bounced sharply from the channel’s lower boundary (📍yellow arrow), signaling potential bullish momentum emerging from this support zone.
📈 If the price breaks above the channel resistance, the following targets may come into play:
🎯 $0.0776
🎯 $0.0886
🎯 $0.0975
🎯 $0.1063
Indicators support the bullish case:
✅ RSI has reclaimed the 50 level, showing strengthening momentum
✅ MACD is showing early signs of a bullish crossover
⚠️ Note: If the breakout fails, price may continue consolidating or revisit lower levels.
Always use a tight stop-loss and apply proper risk management.
#STO has been trading within a descending channel, reflecting a mid-term corrective structure.
Recently, the price bounced sharply from the channel’s lower boundary (📍yellow arrow), signaling potential bullish momentum emerging from this support zone.
📈 If the price breaks above the channel resistance, the following targets may come into play:
🎯 $0.0776
🎯 $0.0886
🎯 $0.0975
🎯 $0.1063
Indicators support the bullish case:
✅ RSI has reclaimed the 50 level, showing strengthening momentum
✅ MACD is showing early signs of a bullish crossover
⚠️ Note: If the breakout fails, price may continue consolidating or revisit lower levels.
Always use a tight stop-loss and apply proper risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.