$STO exhibits typical high-controlled violent surges, with cumulative gains at the bottom exceeding ten times, breaking through historical highs with strong momentum, and circulating chips being scarce, resulting in very light selling pressure. This round of accelerated upward movement has completed the first round of short covering, with a large number of top-fishing short positions added in the oscillation zone. Coupled with negative funding rates, short-term downward momentum is insufficient, with key liquidation levels around 1U.

Currently, it remains in the main force controlling the upward trend, and short positions are easily pushed higher by chain liquidations. It is recommended to delay entering short positions; longs should hold in line with the trend and avoid blindly chasing highs.