【$STO Signal】Short squeeze setup, pull back to add long

$STO 1H timeframe spikes and retracements, the price has already broken above the upper Bollinger Band, but the 4-hour MACD is still converging below the zero line. Negative funding rates have been crushed, but open interest remains stable, and the fuel for a short squeeze is still there.

🎯Direction: Long

⚡Entry/Order: Accumulate in the 0.1470 - 0.1500 range

🛑Stop Loss: 0.1420

🚀Target 1: 0.1620

🚀Target 2: 0.1740

🛡️Trade Management:
- Execution Strategy: After reaching the first target, move half of the position's stop loss to the entry price. Hold the remaining position for the second target. If the 1H close drops below 0.1550, exit all positions.

Order book depth shows clear imbalance, with over 7% difference favoring buy orders. There are heavy orders below in the 0.1692 to 0.1693 range, indicating capital support. The 1-hour MACD histogram continues to expand, signaling recovering bullish momentum, but the current price is far from the 1-hour EMA20, making chasing high risk/reward unfavorable. Despite the negative funding environment, the price has not collapsed, and such divergence often indicates a quick short covering. The risk-reward ratio exceeds 4:1, making this setup worth trying.

View real-time market 👇 $STO
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