$SANTOS is showing healthy activity with a +10% move in the last 24 hours, following a strong bounce from the 2.34 demand zone. Price pushed aggressively toward 2.45 and is now moving sideways just below that high. This price action reflects consolidation after a breakout attempt, not weakness.
On the 1H timeframe, market structure remains bullish. Higher lows are forming, and selling pressure has been absorbed above the former resistance area around 2.38–2.40. The candles suggest balance turning back in favor of buyers as long as price holds this zone.
Trade Setup
• Entry Zone: 2.395 – 2.415
• Target 1 : 2.450
• Target 2 : 2.520
• Target 3 : 2.600
• Stop Loss: 2.340
If SANTOS breaks and holds above 2.45 with strong volume, continuation toward higher resistance becomes likely. Losing the 2.38 support would invalidate the bullish structure and push price back into range consolidation.
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