$STG is currently trading at $0.3804, showing a modest increase of 0.88% in the last hour. The pair has a 24-hour high of $0.4877 and a low of $0.3632, highlighting significant intraday volatility.
The recent price action suggests a pullback after testing the resistance near $0.4800. The current level appears to be forming a potential support zone around $0.3800. If this level holds, a recovery toward $0.4200 and possibly $0.4500 could be expected.
However, failure to maintain above $0.3800 might lead to further declines, targeting $0.3600 as the next key support. Traders should watch for increased volume and a clear direction before entering positions. For a conservative approach, placing a stop-loss slightly below $0.3600 is advisable.
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