【$SANTOS Signal】Pullback confirmation, bulls strike again

$SANTOS 1H level pullback to EMA20 found support, and the price re-claimed 1.138. The 4H MACD has a golden cross with increasing volume, and the price has broken above the upper Bollinger Band. However, the 1-hour RSI has fallen back from high levels to 63, indicating short-term overbought sentiment is easing. Market data shows a large number of buy orders accumulated between 1.12 and 1.13, with clear support intentions from funds.

🎯Direction: Long

⚡Entry: Enter immediately at current price around 1.138, or place a pending order near 1.125.

🛑Stop Loss: Below 1.072

🚀Target 1: 1.249

🚀Target 2: 1.319

🛡️Trade Management:
- Execution strategy: After reaching the first target, reduce half of the position, and move the stop loss on the remaining position up to the entry price. If the price cannot hold above 1.15, consider taking partial profits early.

Position size remains stable during the rally, indicating it’s not purely driven by long liquidation. The buy order depth on the 1-hour chart is significantly better than the sell side, with an imbalance ratio exceeding 15%, showing strong support below. The current risk-reward ratio is close to 4:1, making this trade highly attractive. The price needs to quickly break through the previous high resistance at 1.16 to open up more space; otherwise, it may enter a high-level consolidation.

View real-time market 👇 $SANTOS
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL