$SANTOS /USDT Alert
đ Current Price: $3.336
đ„ Breakdown of the Chart:
Resistance Level: $3.802
Support Level: $3.336
đ” Entry Strategy: For a long trade, consider entering slightly above the current support at $3.350. Aim for the resistance level at $3.802 as your initial target.
đŽ Short Trade Strategy: If price drops below the support level at $3.336, a short position could be considered. This is more of a defensive play, watching for any signs of a further drop.
đ Stop Loss Considerations:
For Long Trades: Place a stop loss around $3.280 to protect against a potential breakdown.
For Short Trades: A stop loss around $3.400 is advisable to cap potential losses if the price reverses upward.
đ Why This Matters: This setup provides a clear tactical approach depending on how SANTOS reacts at this pivotal price point. The defined resistance and support levels give traders benchmarks for planning entries and exits, making trades more predictable and managed.
đĄ Tip: Always monitor the price action closely and adjust your strategies as the market evolves. Happy trading!
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