$SANTOS /USDT – SHORT TRADE SETUP: BEARISH REVERSAL AFTER FAILED BREAKOUT
Market Structure: Price spiked to 3.290 but faced strong selling pressure, failing to hold above the breakout zone and forming lower highs.
ENTRY LEVEL:
Enter short between 2.990 – 3.040 on a minor pullback.
STOP LOSS:
Place stop loss above 3.090 to avoid false breakout traps.
TARGET POINTS:
TP1: 2.920
TP2: 2.860
TP3: 2.780
TRADE ANALYSIS:
After testing the 3.290 high, $SANTOS is showing signs of exhaustion with increased selling pressure. If price fails to reclaim 3.090, bearish momentum could accelerate toward key supports.