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$SANTOS heavy downside momentum structure remains bearish with no reclaim signals yet.
Price flushed into 1.60 while RSI prints extreme oversold levels. Oversold alone isn’t reversal trend still cleanly down.
Market read:
– Sharp impulse breakdown from range.
– EMAs widely separated → strong trend pressure.
– RSI crushed under 20.
– Volume spike during sell-off confirms dominance.
Entry Point:
Aggressive: Minor pullback into 1.65–1.67 rejection.
Conservative: Breakdown under 1.60.
Target Point:
TP1: 1.58
TP2: 1.53
TP3: 1.48
Stop Loss:
Above 1.71.
How it’s possible:
No bullish structure yet. Until price reclaims EMA7 and forms higher lows, sellers hold full control.
Short bias until proven otherwise.
DYOR
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