$SANTOS is currently priced at 2.432, nearing its lower Bollinger Band at 2.449.
This proximity indicates a potential for upward movement or continuation of the downtrend, as market volatility appears to be contracting.
Key support is set at 2.432, with resistance at 2.518.
Consider placing a stop-loss slightly below support to manage risk.
Traders should monitor for a breakout above 2.497 to confirm bullish momentum.
Recommended action: set alerts around the resistance level or wait for clearer signals.
