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The recent surge in the STO market has been quite fierce, but looking at the details on the chart, I’ve become more cautious.
Just now during lunch, I glanced at the candlestick chart. The hourly RSI has broken above 50, but the trading volume has shrunk to about one-tenth of its original. This contradictory signal is quite interesting—prices are pushing upward stubbornly, but the buying momentum is waning. It’s a bit like water reaching a certain temperature and suddenly stopping. I don’t know whether it will continue heating up or start cooling down.
Chasing high at this moment is too risky. The short-term expectation gap is just a matter of seconds; what you gain is luck, and what you lose is real money.
**My trading approach is as follows:**
Currently, I will keep an eye on the price around 0.10 USDT and do nothing. If there’s a pullback later and support is confirmed in the 0.092-0.095 USDT range, I will consider going long. The stop-loss will be set at 0.088 USDT; if it breaks below that, I’ll admit defeat. The target levels are 0.118 and 0.128 USDT. But if the volume directly breaks through the 0.105 USDT resistance, I will give up this opportunity and wait for the next one.
The rhythm of the market is very important. No need to rush.