#STO Current Technical Overview
On the daily chart, it's noteworthy that there's no structural break in the uptrend; however, with the recent move, volume has shifted towards selling pressure.
While the price is manipulating the key support/resistance level in the lower region (green area), the liquidity zone in the lower region (yellow area) has not yet been cleared.
This structure does not indicate a healthy price movement in the short term.
In this context, the possibility of testing the rising trend band below comes to the forefront. In upward attempts, 0.1479 acts as an intermediate resistance, while the upper red area continues to be monitored as the primary and critical resistance.
STO will continue to monitor closely.
