SANTOS has broken out of a multi-month falling wedge pattern, confirming the move with a strong bullish candle closing above the upper trendline. Current price is 3.026 USDT, up +11.33% for the session.
The measured move from the pattern projects a potential target near 6.50 USDT (+136.83% from the breakout zone). Price action shows increasing momentum following the breakout, which could indicate continuation toward higher levels.
Key levels:
Breakout zone: ~2.45 USDT
Projected target: 6.50 USDT
Invalidation: close back inside wedge
Pattern breakout confirmed – monitoring for follow-through toward target.
The measured move from the pattern projects a potential target near 6.50 USDT (+136.83% from the breakout zone). Price action shows increasing momentum following the breakout, which could indicate continuation toward higher levels.
Key levels:
Breakout zone: ~2.45 USDT
Projected target: 6.50 USDT
Invalidation: close back inside wedge
Pattern breakout confirmed – monitoring for follow-through toward target.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.