$SANTOS
Market structure shows clear long-side pressure being removed through consecutive liquidations around $1.13, signaling that late buyers were positioned too high within a weakening range. Price is currently rotating below a minor distribution zone, suggesting sellers are defending liquidity rather than allowing recovery. The trend remains corrective after failure to reclaim higher resistance, and liquidity sweep behavior favors continuation toward lower support.
Trend Analysis: Lower highs continue to form after rejection near local resistance, confirming short-term bearish structure. Buyers are reacting, not leading.
Momentum: Selling momentum increased immediately after long liquidations, indicating forced exits rather than organic selling exhaustion. Momentum remains tilted downward while price stays below reclaimed supply.
Liquidity Zones: Major liquidity sits below $1.10 where resting stops and late longs are clustered. Upside liquidity has already been partially cleared, reducing bullish fuel.
Key Levels: Resistance: $1.15 – $1.18
Support: $1.08 → $1.02
EP (Entry Price): $1.13 – $1.15
TP1: $1.08
TP2: $1.04
TP3: $1.00
SL: $1.19
The trend strength favors sellers as price continues respecting lower highs. Momentum remains bearish with liquidation-driven expansion confirming weak buyer control. Price is likely to move toward downside liquidity where inefficiencies remain unfilled.
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