$SANTOS /USDT Short Trade Plan 🔥
Current Price: $2.812
🔻 Short Setup:
Entry Zone: $2.812 - $2.850
Stop Loss: $2.900 (3% risk buffer above resistance)
Targets:
🎯 Target 1: $2.750
🎯 Target 2: $2.700
🎯 Target 3: $2.650
Key Levels:
Resistance: $2.850 / $2.900
Support: $2.750 / $2.650
Market Insight:
$SANTOS is showing signs of bearish rejection near the $2.850 resistance level with a decrease in volume.
Momentum indicators (RSI & MACD) suggest a potential reversal and bearish trend continuation.
A break below $2.750 could lead to further downside towards the $2.700 and $2.650 support levels.
Risk Management:
Ensure proper position sizing to keep risk within 2-3% of your trading account.
Consider trailing stop loss after reaching Target 1 to lock in profits while reducing risk.
Pro Tip: Watch the broader market sentiment, especially BTC/USDT, for confirmation of bearish continuation before entering.
Let me know if you need further details or updates on $SANTOS! #fayazfuturetread