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TheBuzzingBee

#santos/usdt TA💥



Santos FC Fan Token is rebounding from the lower border of the falling wedge pattern on the weekly timeframe👨‍💻

The momentum could propel the price toward $8.42

$SANTOS ‌#CryptoMarketSeesVolatility
SANTOS-1,22%
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FrictionlessFred
· 22m ago
8.42 The target position is quite aggressive; let's first see if it can hold above the previous high and the weekly midline.
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GateUser-592977ca
· 6h ago
yes
Reply0
GateUser-57b364e6
· 6h ago
z5rzrvrrbbrv3vv3vveevev3
Reply0
StarsInTheGlassDome
· 6h ago
The rebound is good; monitor subsequent pullbacks for confirmation, and consider chasing longs only if it holds.
View OriginalReply0
EvenRocksNeedLiquidity
· 7h ago
Fan token narratives take off quickly, but they are also the most vulnerable to crashes. Remember to control your position size.
View OriginalReply0
NexaCrypto
· 7h ago
LFG 🔥
Reply0
InstantNoodlesWithContracts
· 7h ago
If this wave can break out with volume and surpass the upper edge of the wedge, then it will be really promising; otherwise, there's a risk of a false rebound and a retest of the lower edge.
View OriginalReply0
GateUser-e130bc45
· 7h ago
I'm more concerned about where to set the stop loss: if the lower edge of the wedge breaks again, don't hold on, better to miss out than get buried.
View OriginalReply0
0xSideQuest
· 7h ago
The weekly descending wedge pattern does lean bullish, but don't forget to wait for a breakout confirmation before entering. There may be a wave of profit-taking around 8.42.
View OriginalReply0
MistBlueLily
· 7h ago
The rebound of the wedge's lower edge is interesting; watch the volume.
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