$SANTOS
/USDT Potential Short-Term Downside
SANTOS/USDT has been experiencing downward pressure in recent days, with the price currently trading at $3.194. The 15-minute chart shows a clear bearish trend, with the price breaking below the $3.20 support level. The Relative Strength Index (RSI) is currently below 50, indicating bearish momentum.
Entry:
Consider a short position at the current price of $3.194.
Targets:
* TP1: $3.170
* TP2: $3.150
* TP3: $3.120
Stop Loss:
Set a stop loss at $3.210 to protect against potential upside reversals.
Caution:
Traders should closely monitor the price action for any signs of stability or potential breakout signals. The market is highly volatile, and prices can change rapidly. It is important to use proper risk management techniques, such as stop-loss orders, to limit potential losses.
