📢 $STO / USDT | 🔴 SHORT | ⭐ 77%
🎯 Target: $0.03173877. Will it get there?
🎯 Trade levels:
🔴 Entry: $0.03223
🛑 Stop Loss: $0.032503
🏁 TP1: $0.031739
🏁 TP2: $0.031466
🏁 TP3: $0.031138
📈 Analysis:
The asset shows a clear bearish structure, with lower lows and lower highs on the 4-hour timeframes, confirming a widespread overall downtrend. Selling pressure is supported by a significant increase in trading volume, which is 73.3% above average. In addition, the MACD momentum indicator remains in bearish territory, suggesting that sellers retain control of the current move.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 A bearish breakout occurs when the price breaks below a previous support level, indicating that sellers have overcome buying pressure in that area.
#crypto #STO #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision carefully.
🎯 Target: $0.03173877. Will it get there?
🎯 Trade levels:
🔴 Entry: $0.03223
🛑 Stop Loss: $0.032503
🏁 TP1: $0.031739
🏁 TP2: $0.031466
🏁 TP3: $0.031138
📈 Analysis:
The asset shows a clear bearish structure, with lower lows and lower highs on the 4-hour timeframes, confirming a widespread overall downtrend. Selling pressure is supported by a significant increase in trading volume, which is 73.3% above average. In addition, the MACD momentum indicator remains in bearish territory, suggesting that sellers retain control of the current move.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 A bearish breakout occurs when the price breaks below a previous support level, indicating that sellers have overcome buying pressure in that area.
#crypto #STO #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision carefully.