$SANTOS The support zone was broken earlier than I expected.
Local growth is canceled.
I am waiting for the zone $2.1 - $2.0 next week.
4H chart.
Liquidation Map + Thoughts on the Situation $SANTOS
Chart 1D.
1. Liquidations. There are several times more shorts accumulated at the top than longs at the bottom. Collecting some short liquidations before the drop is normal.
2. The overall situation is doubtful. The accumulation process has dragged on for 104 days and the final drop (SPRING) to the $2.1–$2.0 area has not yet occurred.
3. A week ago, I wrote that MACD gave a signal on the 1W chart, and it usually plays out within 2–4 weeks. A week has already passed, which means there are 1–3 weeks left until the possible execution of the bullish MACD signal.
4. Indicators on 15m and 1H indicate a long position, while 4H and 1D suggest that a drop is possible.
Final Thought:
Next week, I expect a local rise in SANTOS before a major drop.
I am confident that this drop will serve as an impetus for dynamic growth.
I outlined my expected scenario on the chart.
I will try to take a medium-term short from the area marked on the chart as TARGET #2.
Chart 1D.
#santos #SantosFCFanToken
Chart 1D.
1. Liquidations. There are several times more shorts accumulated at the top than longs at the bottom. Collecting some short liquidations before the drop is normal.
2. The overall situation is doubtful. The accumulation process has dragged on for 104 days and the final drop (SPRING) to the $2.1–$2.0 area has not yet occurred.
3. A week ago, I wrote that MACD gave a signal on the 1W chart, and it usually plays out within 2–4 weeks. A week has already passed, which means there are 1–3 weeks left until the possible execution of the bullish MACD signal.
4. Indicators on 15m and 1H indicate a long position, while 4H and 1D suggest that a drop is possible.
Final Thought:
Next week, I expect a local rise in SANTOS before a major drop.
I am confident that this drop will serve as an impetus for dynamic growth.
I outlined my expected scenario on the chart.
I will try to take a medium-term short from the area marked on the chart as TARGET #2.
Chart 1D.
#santos #SantosFCFanToken
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