$SANTOS/USDT at a Turning Point – Short Opportunity for Savvy Traders!
After a remarkable 94.25% surge, SANTOS has spiked to a high of $8.32 USDT within 24 hours. This intense rise hints at a potential overbought zone, making it a moment to consider a calculated short trade as momentum could shift.
Current Price: $6.358 USDT
Key Levels to Monitor:
Resistance Zone: $8.32 USDT – This recent peak level could act as resistance. If SANTOS approaches this zone but lacks upward force, it may signal a short entry.
Support Zone: $5.00 USDT – A dip toward this support level, and especially a break below, could mean further downside, enhancing potential short trade profits.
Ideal Short Entry:
A short position around the $6.35 - $6.65 USDT range might yield gains, especially with signs of weakening momentum, like failure to retest the peak.
Risk Management Tip: Set a stop-loss just above $8.32 USDT in case of another bullish move.
