$SANTOS rebound from deep sell-off, structure still fragile
$SANTOS is trading around 1.546 USDT, up +6.6% on the day.
The intraday high reached 1.578, while the low was near 1.448, showing a modest bounce after a heavy downside move.
This recovery is coming from buyers stepping in near the demand zone after an aggressive sell-off. The bounce looks more like short-term relief and early accumulation rather than strong trend reversal, as price is still below major moving averages.
Key Levels
Immediate support sits around 1.50 – 1.48. Holding this zone is important to keep the bounce alive.
Stronger support lies near 1.42 – 1.39, the recent bottom area.
Resistance is stacked around 1.60 – 1.63, with a heavier supply zone near 1.75 – 1.80.
Trend
The broader trend remains bearish, but short-term momentum has shifted to neutral to mildly bullish after forming higher lows from the bottom.
Trade Idea
If price holds above 1.50 and continues to build, a move toward 1.60 – 1.65 is possible.
If price drops back below 1.45, the recovery weakens and price may revisit the lows.
This chart is in repair mode. Strength needs time and confirmation here, not speed.
