$SANTOS

SANTOS

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USDT Technical Analysis

Trend

Short term trend is bullish after a strong impulse move

Current Price

2.278

Recent High

2.338

Support Levels

2.26 to 2.24 strong intraday support

2.18 key support

Resistance Levels

2.30 to 2.34 major resistance zone

Price Action

After a sharp bullish candle some profit taking appeared

Price is in consolidation and higher low structure is still holding

Bullish structure remains intact

Trade Idea

Aggressive buy zone 2.25 to 2.27

Targets 2.30 then 2.34

Stop loss 2.18

Alternate View

If 2.24 breaks then a correction towards 2.18 is possible

Conclusion

Bullish momentum is strong

If price breaks and holds above 2.30 then next upward move is expected

Rejection at resistance can cause a short term