$SANTOS /USDT SHORT TRADE SETUP – POTENTIAL REVERSAL AFTER STRONG SPIKE
Current Price: 3.139
Timeframe: 15-Minute Chart
Market Structure: Price has surged nearly 18% in 24h, reaching 3.221 before pulling back. The sharp rally is showing signs of exhaustion with potential for a short-term correction.
ENTRY LEVEL:
Enter short between 3.150 – 3.180 after a minor pullback toward resistance.
STOP LOSS:
Set stop loss above 3.225 to protect against a breakout continuation.
TARGET POINTS:
TP1: 3.090
TP2: 3.050
TP3: 3.000
TRADE ANALYSIS:
SANTOS experienced a strong upward move, likely driven by short-term hype or liquidity spikes. Such parabolic moves often retrace, especially if volume decreases and momentum fades. Look for bearish candlestick patterns in the entry zone to confirm the trade.