We are watching a potential "deviation" play. $SANTOS price recently swept below the $1.304 local low, but the sell-side momentum didn't sustain. This is a classic liquidity grab—market makers often push price just below support to hunt stop-losses before reversing.
Order Flow
· Sellers are trapped. Anyone who shorted the breakdown below $1.304 is now sitting on unrealized losses if price reclaims that level.
· Smart money is absorbing supply. Look at the volume around the low—buyers stepped in aggressively to prevent a cascade to $1.230.
Confirmation
We need a daily close above $1.304** to confirm the deviation. Better yet, a reclaim of the MA(7) at **$1.350 would signal the start of a mean reversion trade. The MACD histogram is also flattening, suggesting bearish momentum is slowing.
Invalidation
If price continues lower and breaks $1.230 cleanly, the deviation fails. That would indicate the market needs to find lower prices for equilibrium.
Idea: Watch for a reclaim of $1.304 as a long entry, targeting the resistance cluster at $1.35-$1.40. Stop loss below the recent low.
