$SANTOS is showing clear signs of weakness after failing to sustain above key resistance near the recent swing high. Price rejection from the upper supply zone combined with lower high formation indicates sellers are gradually taking control. Volume profile suggests distribution at the top, increasing the probability of a downside continuation.
The structure on lower timeframes reflects bearish pressure, with price hovering near short-term support that looks vulnerable to breakdown. A decisive move below this zone can accelerate momentum toward deeper liquidity pockets.
Targets (TP): TP1: 1.890
TP2: 1.857
TP3: 1.820
Stop Loss (SL): Above 2.050 resistance zone
SANTOSUSDT
Perp
1.892
+0.53%