$SANTOS /USDT: Eyeing Resistance After a Bounce – Can It Push Higher? #SANTOS is currently trading at $3.494, up by +0.43%, recovering from its 24-hour low of $3.337 and attempting to retest its high of $3.636. The RSI at 73.62 indicates strong bullish momentum but nearing overbought conditions.
Key Levels to Watch:
Resistance: $3.540 – A breakout above this level could lead to further gains toward $3.600 and $3.650.
Support: $3.440 – Holding this level is crucial to maintain upward momentum. Below this, SANTOS may test $3.400.
Trade Setup:
Long Entry: Above $3.500, targeting $3.600 and $3.650.
Short Entry: Below $3.440, targeting $3.400 and $3.350.
Stop-Loss: $3.420 for longs or $3.500 for shorts.
Market Insight:
SANTOS has shown resilience, bouncing off its low, with rising volume supporting the upward move. A breakout above the resistance zone may attract more buyers. However, caution is advised as the RSI approaches overbought levels, increasing the chances of a pullback.
