š $SANTOS /USDT Falling Fast ā Oversold Bounce Coming? ā ļø
SANTOS has been on a steady downtrend, now trading at $1.99 after hitting a 24H low of $1.969. The price is pinned near the lower Bollinger band, showing exhaustion ā but also potential for a relief bounce.
š Technical Snapshot:
⢠Support Zone: $1.94 ā $1.97
⢠Resistance: $2.09 (Mid-Bollinger), $2.23 (Upper Band)
⢠Volume: Extremely high at 495M USDT, signaling heavy activity
⢠Trend Bias: Bearish, but oversold indicators are flashing
šÆ Trade Setup (Reversal Opportunity):
⢠Entry: $1.97 ā $2.00
⢠Stop Loss: $1.93
⢠TP1: $2.09
⢠TP2: $2.18
⢠TP3: $2.23
š Look for confirmation candles before entering ā a bounce from here could be short-lived unless volume reverses direction.