$SANTOS $SANTOS
SANTOS/USDT Analysis: A Potential Reversal or Further Decline?
The $SANTOS USDT pair has been on a downward trend recently, forming a clear support level around 4.537. This level has held strong, indicating potential buying interest at this price point.
However, the recent price action suggests a bearish bias, with the price struggling to break above the resistance level of 4.831. A break below the support level could signal further downside potential.
Entry Strategy:
Bearish: For those leaning towards a bearish outlook, a short position could be considered below the support level of 4.537 with a stop-loss above the recent high around 4.831.
Bullish: For those who believe a reversal is imminent, a long position could be considered above the resistance level of 4.831 with a stop-loss below the recent low around 4.537.
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