$STG /USDT Trading Signal - Breakout and Retrace
Market Overview: STG/USDT has surged to $0.3959, up 14.13% in the last 24 hours, after reaching a high of $0.4332. The price is currently retracing as it consolidates near $0.3950, indicating potential for a continuation of the bullish trend if momentum sustains.
Trading Setup:
Entry Zone (Long): $0.3920 - $0.4000
Targets:
Target 1 (TP1): $0.4200
Target 2 (TP2): $0.4400
Stop Loss: Below $0.3800
Analysis Highlights:
Support Zone: Immediate support lies at $0.3800, with buyers likely defending this level.
Resistance: A key breakout above $0.4332 can lead to further bullish movement.
Trend: The bullish breakout from $0.3423 suggests strong buyer interest, with room for further upside.
Risk Management: Take partial profits at TP1 and adjust stop loss to breakeven after achieving the first target for a risk-free trade.