/Price Action Update $STG !🔥💯
The STG/USDT pair is currently trading at $0.3673, with a strong increase of 15.29% in the last 24 hours. The chart highlights a sharp bullish breakout, peaking at $0.4034, followed by a rally near the $0.36-0.37 area. These ranges indicate that the market is pausing to determine the next move.
Key levels for traders:
• Long entry: Entry near $0.3600 with a target of $0.4000, keeping a stop loss at $0.3500.
• Short entry: Entry below $0.3500, with a target of $0.3175, with a stop loss at $0.3600.
Market Outlook:
The bullish momentum suggests upside potential if the price sustains above $0.3700. A break of the resistance at $0.4000 could lead to a rally towards $0.4200. However, if bearish pressures emerge, a dip below $0.3500 could test the support level at $0.3175.
Pro Tip: Lock in partial profits near resistance levels and set stop losses to protect gains. Stay alert for signs of a breakout or breakdown, as consolidation zones often precede big moves.