đ $SANTOS /USDT Technical Analysis | December 20, 2024
đ The SANTOS/USDT pair has seen a significant drop in price recently, with the current price at $2.98. Letâs dive into the charts to identify key levels and potential targets for the coming hours.
đŽ Key Support Levels:
Target 1 (T1): $2.95 - A strong support level where we might see a short-term reversal. If the price holds here, a potential bounce back is possible.
Target 2 (T2): $3.10 - A significant resistance point that could serve as a pivot for further price action. A break above this level could signal a strong upward movement.
Target 3 (T3): $3.25 - This is a higher resistance level. If the bullish momentum continues, reaching this point is very likely.
đŹ Market Sentiment:
Currently, SANTOS is showing a decline of -11.91% in the last 24 hours, making it a critical time for potential traders. The 24h volume has increased to 2.91M (SANTOS), reflecting active participation in the market.
đ§ Strategy:
For those looking to enter, consider waiting for a clear confirmation of support at $2.95 before buying, with a target of $3.10 to $3.25 for potential profits.