【$STO Signal】Short squeeze continues, pullback is a buying opportunity

$STO 1H timeframe shows high-level consolidation, 4H Bollinger Bands are fully open, price is above the upper band. MACD double lines are strongly diverging above the zero line, open interest remains stable at a high of 99 million, and the negative funding rate of -0.0212% continues to pressure the bears. The order book shows a thick buy wall in the 0.2188 to 0.2180 range, with over 21,000 buy orders, while sell orders above 0.219 are relatively sparse. Under this structure, any pullback below 0.218 will be actively supported.

🎯Direction: Long

⚡Entry/Orders: Layered entries between 0.176 and 0.180

🛑Stop loss: 0.160

🚀Target 1: 0.261

🚀Target 2: 0.301

🛡️Trading management:
- Execution strategy: Reduce 50% of the position after the price reaches 0.261, with the remaining stop loss moved up to the entry price. If the price fails to hold above 0.218 and falls back below 0.180, it will be considered a structural breakdown, and an active exit will be initiated.

The 1-hour RSI is at 71.5, not yet in extreme overbought territory, leaving room for further upside. The 4-hour price has broken above the previous high and stabilized, forming a new high plateau. The key point is that open interest has not decreased during consolidation, indicating that funds have not exited but are instead rotating or increasing positions at this level. Coupled with the negative funding rate, the cost pressure on short positions persists, fueling the potential short squeeze. The current risk-reward ratio is close to 1:4, providing enough margin to cover volatility risks of Hot Coin.

View real-time market 👇 $STO
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‍#四月行情预测 #加密市场普遍上涨 #金银同步走强