$SANTOS is finally showing real strength after breaking out of its long quiet zone. The move up was fast and confident, and instead of falling back down, price is now building higher lows. That is one of the clearest signs that buyers are still in control and they are not done yet.
The area between 2.05 and 2.15 is where this move stays healthy. This is where price found support after the breakout. If SANTOS holds in this zone, it shows that traders are happy to buy dips instead of selling into them.
The first target at 2.30 is where some short term profit taking can happen. If price pushes through that level with strength, 2.55 becomes the next place to watch. From there, if momentum keeps flowing, the final target around 2.90 comes into play. That would be a full continuation of this bullish wave.
The stop below 1.98 is there to protect the trade. If price drops below that, it means the structure has failed and it is better to step aside.
As long as SANTOS stays above 2.05, the bias remains bullish. A clean hold above 2.20 would be a strong signal that the next upside move is ready to unfold.

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