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#数字资产市场动态 $STO This wave of market movement is quite interesting. A 44.89% increase combined with a significant rise in open interest suggests that it's not just a pure short squeeze, but rather that new bullish forces are entering the market and building positions.
From a technical perspective, the first breakout after a massive long bullish candle, along with high open interest, indicates that the market structure has already shifted to a stronger state. The previous support level has moved up to around 0.105-0.108, which now becomes the new key defensive zone.
If bullish, you can consider entering on dips within the 0.1080 to 0.1120 range, with a stop-loss set at 0.0990. After the price consolidates and absorbs profit-taking within this range, the probability of further upward movement remains high. The short-term target is first set at 0.1300, and if momentum continues strongly, reaching 0.1500 is also possible.
A first pullback to the entry zone often presents a low-risk opportunity for positioning, as savvy funds typically use this time for final accumulation. The key is to ensure the price stays above 0.105-0.108; as long as it holds this level, the market's bullish trend remains intact.