$STG Market Update: Correction Phase Analysis
$STG experienced a $4.994K short liquidation at $0.19365, indicating temporary short-covering activity. Despite this, the broader trend remains bearish, with price trading below key moving averages — 7-day, 30-day, 50-day, and 200-day — and breaking below the main pivot point along with critical Fibonacci retracement levels. RSI is approaching oversold territory, suggesting potential short-term relief bounces, while MACD continues to reflect bearish control.
The 24-hour price range shows declining volume and net outflows, highlighting cautious market participation. Immediate support is at $0.192, with a stronger zone between $0.191–$0.1925. Downside risk extends toward $0.19–$0.189, while near-term resistance lies at $0.195–$0.196 and $0.198–$0.199.
Short-term bounces may occur due to oversold conditions, but the overall trend remains weak until major resistance levels are reclaimed. Watch for volume confirmation on any reversal attempt. DYOR.
#WhaleDeRiskETH #TrumpCanadaTariffsOverturned #CZAMAonBinanceSquare #BitcoinGoogleSearchesSurge
