$STO is on my radar because the selloff already hit a clean demand zone and price reacted immediately from the lows. I’m seeing sellers slow down after a sharp move, which usually opens the door for a relief bounce.
Market read
Price pushed into the lower range, swept liquidity around the recent low, and bounced back quickly. I’m seeing smaller candles and less downside momentum, which tells me selling pressure is getting absorbed. Structure is still weak, but it’s stabilizing and trying to shift from bearish to neutral.
Entry point
0.0624 – 0.0630
I’m interested in this zone because it sits right above demand where buyers already stepped in.
Target point
TP1: 0.0648
TP2: 0.0662
TP3: 0.0678
TP1 is the first relief level.
TP2 is the previous rejection zone.
TP3 is the higher liquidity area if continuation builds.
Stop loss
0.0617
If price loses this level, the demand idea fails and I’m out.
How it’s possible
As long as demand holds, price has room to move back toward higher liquidity zones. The sharp reaction from 0.0623 shows sellers are losing strength, which supports a controlled recovery rather than further breakdown.
I’m trading structure and reaction, not emotions.
Let’s go and Trade now $STO
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