Quick Update on $SANTOS trade
Watching the market now, $SANTOS is trading under sustained selling pressure after a clear rejection from the 2.50–2.55 supply zone. Price is holding near the 2.35–2.38 demand area, where short-term stabilization is possible, but overall structure remains weak below key EMAs.
Trade plan
Entry: 2.35 – 2.38
Tg1: 2.45
Tg2: 2.52
Tg3: 2.60
Stop: 2.28
Bullish condition
Holding above the 2.35 demand zone and reclaiming 2.45 with acceptance can trigger a short-term relief move toward overhead resistance.
Alternate plan (breakout)
Entry: Above 2.55 (strong close & hold)
Tg1: 2.65
Tg2: 2.80
Tg3: 3.00
Stop: 2.42
Bullish condition
A clean reclaim and sustained hold above 2.55 flips structure bullish and opens continuation toward higher resistance levels.
Bearish invalidation
A breakdown and sustained close below 2.28 invalidates the setup and exposes downside toward the 2.15–2.05 zone.
