$SANTOS /USD Rallying at $3.31: A Key Resistance Test in Progress
$SANTOS /USD is currently trading at $3.31, reflecting a steady 0.18% gain over the past session. The 15-minute chart highlights a significant recovery from the $3.09 support level, with a bullish momentum pushing the price towards the critical resistance at $3.43. This level acts as a key barrier for further upside potential, while the MACD signals increasing bullish strength and the RSI at 71 indicates an overbought zone, suggesting potential consolidation ahead.
Traders eyeing this pair can consider entering trades near the current price of $3.31, targeting TP1 at $3.38, TP2 at $3.43, and TP3 at $3.50 for a possible breakout. A stop-loss (SL) at $3.22 is advised to minimize downside risks. The technical indicators suggest that the bullish rally could extend further if the resistance is breached, making this a critical juncture for SANTOS/USD.