$STO Unusual movements on STO/USDT — Has accumulation begun?
Despite the recent drop, the order book reveals a massive buy wall just below the price, indicating a clear attempt to absorb selling and build a potential rebound.
📍 Important areas:
🟢 Strong support: 0.1319
🟡 Retracement area: 0.1340 – 0.1350
🔴 Nearby resistance: 0.1370
🎯 Potential targets: 0.1400 → 0.1450
Closest scenario:
Stability above 0.1340 could push the currency for a quick rebound towards 0.1370, and breaking it opens the way for a stronger movement.
However, breaking 0.1319 would delay the rise and increase selling pressure.
👀 What I'm watching:
Stability above 0.1340
Increase in buy volumes
Clear break of 0.1370 with a clear close
If the current accumulation continues, we may see a sudden movement soon.
Risk management is always required.
#Crypto
Despite the recent drop, the order book reveals a massive buy wall just below the price, indicating a clear attempt to absorb selling and build a potential rebound.
📍 Important areas:
🟢 Strong support: 0.1319
🟡 Retracement area: 0.1340 – 0.1350
🔴 Nearby resistance: 0.1370
🎯 Potential targets: 0.1400 → 0.1450
Closest scenario:
Stability above 0.1340 could push the currency for a quick rebound towards 0.1370, and breaking it opens the way for a stronger movement.
However, breaking 0.1319 would delay the rise and increase selling pressure.
👀 What I'm watching:
Stability above 0.1340
Increase in buy volumes
Clear break of 0.1370 with a clear close
If the current accumulation continues, we may see a sudden movement soon.
Risk management is always required.
#Crypto