【$STO Signal】Short squeeze pullback, buying pressure reveals bottom support intentions

$STO 1H timeframe sees a rally followed by a pullback, with the price consolidating around 0.2025. The 4-hour chart shows the price has broken above the Bollinger upper band, but the 1-hour MACD histogram is beginning to contract, indicating a slight slowdown in momentum. Market depth data shows heavy buy orders accumulating between 0.2023 and 0.2024, forming a solid defense wall, fully exposing the capital support intention.

🎯Direction: Long

⚡Entry/Orders: Layered entries between 0.1632 and 0.1674

🛑Stop Loss: 0.1522

🚀Target 1: 0.2280

🚀Target 2: 0.2583

🛡️Trade Management:
- Execution Strategy: After reaching the first target, reduce half of the position and move the stop loss to the entry price. Hold the remaining position to aim for the second target. If the price pulls back and breaks below the cost line, exit unconditionally.

Position size remains stable, and the negative funding rate suggests shorts are still paying costs, fueling the potential short squeeze. The 1-hour RSI has fallen from overbought levels to around 71, leaving room for further upward movement. The current risk-reward ratio is close to 4:1, making this pullback a good entry point with manageable risk. Buy orders below are much deeper than sell orders, with every selling pressure quickly absorbed.

View real-time market 👇 $STO
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