$SANTOS $SANTOS $SANTOS
Professional Analysis of the Chart
#### Support and Resistance Levels
- **Support Levels:**
- $4.912 (24-hour low)
- $4.800 (recent consolidation area)
- $3.161 (previous low before the spike)
- **Resistance Levels:**
- $5.989 (24-hour high)
- $6.686 (intermediate resistance)
- $8.320 (recent high)
#### Entry Signal
- **Entry Point:** Consider entering around the current price level of $5.058 if the price shows signs of stabilization and upward momentum.
- **Stop Loss:** Place a stop loss slightly below the recent support level, around $4.800.
- **Take Profit Levels:**
- **First Take Profit:** $5.989 (24-hour high)
- **Second Take Profit:** $6.686 (intermediate resistance)
- **Third Take Profit:** $8.320 (recent high)
### Brief Description
The image is a trading chart for the SANTOS/USDT pair on Binance, showing a significant price movement within a 4-hour timeframe. The chart is relevant for traders looking to analyze price action, identify support and resistance levels, and make informed trading decisions based on recent market behavior.
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