【$STO Signal】Pull back to the right side of EMA20 for confirmation, sniper for a secondary rally

$STO 1H level retracement with decreasing volume testing EMA20 support, price consolidating around 0.885. The 4-hour MACD fast and slow lines are opening upward, indicating ongoing bullish momentum, but the 1-hour MACD histogram is beginning to shrink, showing short-term upward momentum is slowing. The order book is rapidly withdrawing, with sell 1 to sell 3 levels showing sparse orders, fully exposing the capital support intentions.

🎯Direction: Long

⚡Entry/Order: Layered entries in the 0.57550 - 0.59033 range

🛑Stop Loss: 0.40780

🚀Target 1: 1.32047

🚀Target 2: 1.68553

🛡️Trade Management:
- Execution Strategy: After the price hits the first target, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.89 and falls below 0.87 again, consider exiting early.

Currently, the negative funding rate is as high as -0.5%, and open interest remains stable, which usually indicates significant cost pressure on short positions. The 1-hour RSI has fallen back from overbought territory to around 81, providing a healthier basis for upward movement. The buy depth in the 0.884-0.885 range is unusually thick, forming a clear defensive line. Under this structure, once the price completes the pullback confirmation, the probability of a secondary breakout significantly increases. The risk-reward ratio exceeds 4, making this layered entry highly favorable.

View real-time market 👇 $STO
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