$SANTOS Bearish bias; enter directly at market: 0.5343
TP1 below: 0.468482 (first take-profit level)
TP2 below: 0.438864 (second take-profit level)
DCA: 0.55059 (rebound add-on observation zone)
SL: 0.56688 (stop-loss exit)
It looks like a rebound, but on closer inspection it seems more like a bull trap. In the past 24h it’s down 18%, funding/fees are negative, there are more short accounts, and positions were even added a bit—suggesting the downtrend hasn’t finished. Go short at the current price directly, don’t over-allocate; only profit if it breaks below the previous low.
If it rises above 0.56688, immediately stop out and exit—don’t stubbornly hold the short.
TP1 below: 0.468482 (first take-profit level)
TP2 below: 0.438864 (second take-profit level)
DCA: 0.55059 (rebound add-on observation zone)
SL: 0.56688 (stop-loss exit)
It looks like a rebound, but on closer inspection it seems more like a bull trap. In the past 24h it’s down 18%, funding/fees are negative, there are more short accounts, and positions were even added a bit—suggesting the downtrend hasn’t finished. Go short at the current price directly, don’t over-allocate; only profit if it breaks below the previous low.
If it rises above 0.56688, immediately stop out and exit—don’t stubbornly hold the short.