$SANTOS Analysis: Rejection at Resistance, Bearish Momentum Building

Price has been firmly rejected from the 2.00–2.05 resistance zone and is now forming lower highs on intraday charts, signaling a loss of bullish momentum and increasing seller control. The structure suggests a near-term downtrend continuation.

Trade Plan:

· Entry Zone: 1.96 – 2.00

· Take Profit 1: 1.88

· Take Profit 2: 1.80

· Stop Loss: 2.08

Outlook:

As long as price remains below the 2.00–2.05 resistance area, the bearish bias holds. A retest into the entry zone that shows weakness could offer a short opportunity toward the identified support levels. A break above 2.08 would invalidate the immediate downtrend structure.

Support my work — just click Trade here 👇

SANTOSUSDT

Perp

1.875

-0.26%