STO is still chopping in its range while the market falls apart, but now it is drifting toward the bottom of it.
+3.6% at $0.0262. Today's range is $0.0245 to $0.0319, and the hourly closes keep stepping down: $0.0295, $0.0278, $0.0275, $0.0272, $0.0264, $0.0267, $0.0262. No direction yet, just back and forth toward the low.
My levels:
Support: $0.0245
Resistance: $0.0319
Trigger: an hourly close above $0.0285 would tell me buyers are back in control
Invalidation: losing $0.0245
$5.77M volume. The range is still holding on a day when most coins are breaking theirs, but the drift says the next test of $0.0245 matters a lot.
Do you like trading a range like this, or do you wait for the breakout?
#STO $STO
Not financial advice.
+3.6% at $0.0262. Today's range is $0.0245 to $0.0319, and the hourly closes keep stepping down: $0.0295, $0.0278, $0.0275, $0.0272, $0.0264, $0.0267, $0.0262. No direction yet, just back and forth toward the low.
My levels:
Support: $0.0245
Resistance: $0.0319
Trigger: an hourly close above $0.0285 would tell me buyers are back in control
Invalidation: losing $0.0245
$5.77M volume. The range is still holding on a day when most coins are breaking theirs, but the drift says the next test of $0.0245 matters a lot.
Do you like trading a range like this, or do you wait for the breakout?
#STO $STO
Not financial advice.