$SANTOS is showing a strong recovery structure after holding above the dynamic support zone near 1.13–1.14. Price is consolidating just below resistance with higher lows forming, indicating accumulation before a potential breakout. The moving average support is intact, suggesting buyers are stepping in on dips rather than chasing highs. A clean push above 1.16 can trigger momentum continuation.

Trade Setup:

Entry Range: 1.135 – 1.150

Stop Loss: 1.105

Targets:

TP1: 1.180

TP2: 1.220

TP3: 1.260

Outlook:

Market remains slightly bullish in the short term with strength building for a breakout. Invalidation occurs if price loses 1.10 support, which would shift momentum bearish.

SANTOS

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