SANTOS is getting absolutely smashed right now, and that sweep of the 0.92700 level was the final nail in the coffin - we're seeing a clear breakdown of the order block zone. From a technical standpoint, the high timeframe trend is bearish, with the RSI sitting at 37 and volume at a paltry 0.1x. The SMC Score is also flashing red, coming in at 3.1/10.
All of this points to a strong short bias, and I'm taking advantage of it with a short entry at 0.92700. The chart is showing a clear bearish trend, and I'm expecting a move down to at least 0.87471, with a potential second target at 0.79629.
Here are the trade levels:
- Entry: 0.92700
- TP1: 0.87471 (RR 4.8x)
- TP2: 0.79629 (RR 12.0x)
- SL: 0.93787
I'll be keeping a tight stop on this one, and I recommend you all do the same. The $SANTOSUSDT short is looking good, so let's ride it out.
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