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$STO Bullish Pullback (Corrective Phase). I'd prepare for long entries on dip
Price Action Context: The 51.7% rally encountered strong resistance at 0.138 (24H high). Current price action shows:
Formation of bearish pin bar at 0.138 (rejection)
Consolidation between 0.116-0.130 zone
Higher low structure remains intact above 0.092 support
Massive volume spike (192M vs avg ~5M) during the rally to 0.138, followed by declining volume during pullback typical profit-taking pattern.
Capital Flow: Spot: Net positive over 24H (197K USDT) indicates underlying demand
Contracts: Significant outflows in short-term (-1.08M USDT 1H) but net positive 24H (2.31M USDT) suggests futures traders taking profits while maintaining long bias.
Entry long
$STO : Ideal: 0.105-0.108 (retest of broken resistance turned support)
Aggressive: Current price (0.1159) with tight stop
Stop Loss: 0.1118 based on ATR (0.0062) and volatility structure
Target Levels
$STO : Primary: 0.130
Secondary: 0.142
Avoid chasing above 0.125 without consolidation.
#sto #stousdt #StakeStone