$SANTOS - The first important support levels the price has reached.
There is a possibility that the next few days will see a local struggle to maintain the price at current levels.
What do the indicators say?
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MACD:
- 1h - bullish
- 4h - sign of selling weakness
- 8h/12h - sign of selling weakness
- 1D - bearish
- 3D - sign of buying weakness
- 1W - sign of buying weakness
Conclusion on MACD: locally (1h–12h) a reversal upwards is possible, but on the daily and above, the impulse favors sellers/weakness of buyers.
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RSI:
- 1h = 37
- 4h = 32
- 8h = 35
- 12h = 39
- 1D = 43
- 3D = 48
- 1W = 46
Conclusion on RSI: lower timeframes are oversold, the daily is in a weak zone, higher timeframes are neutral → there is potential for a local bounce, but there is currently no global trend.
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Currently, #SantosFCFanToken looks ready for a bounce from the bottom up. However, the bounce may only turn out to be a correction against the daily bearish trend.
Therefore, do not rush, wait for confirmation on higher timeframes.
All of this is not precise and clearly not a signal. Just do not hurry and give the price a chance to establish positions.