$STO is getting sold into on weak tape right now, but the weird part is it’s still sitting above the 20d and 50d MAs 📉
That’s the tell.
Volume is only $1.12M, basically dead at 0.3x its 20d average, while the 4h RSI is 46. Not cooked, not strong, just being ignored. Meanwhile longs are still paying 0.005%… so the crowd is leaning long into a move that has no sponsorship yet. $SOL is holding better than this, which makes STO’s lag stand out even more.
$0.04 is the line.
If it loses that cleanly, I’d wait. If it reclaims and holds, that’s when this gets interesting. 👀
Would you enter here or wait for a retest?
#STO
#Trading
That’s the tell.
Volume is only $1.12M, basically dead at 0.3x its 20d average, while the 4h RSI is 46. Not cooked, not strong, just being ignored. Meanwhile longs are still paying 0.005%… so the crowd is leaning long into a move that has no sponsorship yet. $SOL is holding better than this, which makes STO’s lag stand out even more.
$0.04 is the line.
If it loses that cleanly, I’d wait. If it reclaims and holds, that’s when this gets interesting. 👀
Would you enter here or wait for a retest?
#STO
#Trading