🚨 $STG just ripped through $0.1795 on heavy volume — over $82M traded. That’s not a weak breakout, that’s conviction.
Price is up nearly 21%, and more importantly, it invalidated the short-term bearish structure that had been capping upside. The clean push through resistance shifts market structure from lower highs → to potential higher highs, which is a meaningful change in character.
Add in the reported $138M buyout catalyst, and this move looks fundamentally supported rather than purely momentum-driven. When volume expands alongside a structural break and a narrative catalyst, continuation becomes a higher-probability outcome — if follow-through confirms.
🔎 What matters now:
$0.1795 flips from resistance → key support
Healthy retest + strong bid = confirmation
Failure to hold = possible fakeout / liquidity grab
If the breakout holds on pullbacks, the $0.25–$0.26 zone becomes a realistic magnet — that’s the next logical liquidity pocket and prior supply region.
Momentum is strong, structure has shifted, and volume confirms participation. Now it’s about whether buyers defend the breakout.