$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.

#BinanceBlockchainWeek #16thBTCWhitePaperAnniv #USADPSurges #USJobOpeningsDip #Write2Earn!