SANTOS ANALYSIS (1D)Football-related tokens in the crypto market have been quiet for a while and seem to be dormant. One of the tokens that shows good inflow during its moves is SANTOS.
SANTOS appears to be forming a symmetrical triangle and is currently at the end of wave E. While there are multiple wave count scenarios for this token, it is sitting on a strong support zone.
As long as it holds the green zone, it has the potential to move toward the targets.
However, a daily candle closing below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
