$SANTOS /USDT Technical Breakdown: Eyes on the Next Move
$SANTOS is currently trading at $3.444, encountering resistance between $3.480 and $3.500. Despite an attempt by the bulls to break higher, strong sell pressure has pushed prices back down. The $3.440 level is now crucial support – if it holds, we could see a bounce back to test the $3.500 resistance again. A breakout above $3.500 could trigger additional upside momentum, with the potential to reach new highs.
📊 Entry Strategy:
Bullish Entry: Wait for a confirmed breakout and retest of the $3.500 level. Target $3.550 and higher.
Bearish Play: A drop below $3.440 could lead to a move down to $3.400. Consider shorting after confirmation.
🛡️ Risk Management Tip: Place stop-losses below $3.420 for long trades and above $3.500 for short positions.
This is a critical zone to monitor – be prepared to capitalize on a breakout or pullback!