Current Price: $2.652 (▼0.71%) 24H Range: High $2.810 / Low $2.580
Market Breakdown: $SANTOS is showing clear signs of weakness after multiple rejections near $2.70. Price is coiling below mid-range, and a breakdown from the $2.65 level could trigger further downside.
Key Levels:
Resistance: $2.70 – $2.76
Support: $2.60 / $2.58 / $2.50
Short Trade Setup:
Entry Zone: $2.64 – $2.66
Targets:
TP1: $2.60
TP2: $2.52
TP3: $2.45
Stop Loss: $2.705
Market Insights: Low volatility compression after a sharp drop is a classic continuation pattern. Momentum is fading, and bears are gaining control.
Pro Tip: Set alerts for a candle close below $2.64 on volume—this confirms the breakdown. Add size on a retest rejection.
CTA: Shorters, watch $SANTOS like a hawk—this compression is primed to break! Don’t miss the ride to the downside!