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.
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PrivateKeyParanoia
· 13h ago
With such poor volume, how can the price still push upward? This is definitely a sign before a slot machine crash. I bet five dollars it will collapse.
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SellTheBounce
· 13h ago
The shrinking trading volume is something I see most clearly. It's just inflated, waiting for the bagholders to jump in.
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Chasing highs is gambling with your life, lessons learned over these past few years.
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Waiting around 0.10 is indeed the right move, but I bet there will still be someone rushing in at five dollars in the end. Human nature.
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A genuine signal is only when the volume breaks through 0.105; right now, this rebound is purely a trap.
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It’s always like this—price surges upward, trading volume drops, and then everyone panics. Repeating this cycle so many times, yet no one learns.
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The stop-loss at 0.088 is a bit shallow; if the price crashes down this time, it will break through quickly.
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Market rhythm? Sounds nice, but actually it just means waiting for an even lower point. There’s always a lower point, no rush.
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gas_fee_therapist
· 13h ago
The shrinking trading volume indeed can't hold up, feeling artificially inflated
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RektHunter
· 13h ago
Such a obvious divergence between price and volume, and you're still chasing? I won't move. I'll wait for a pullback to 0.092 before considering.
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.