💎 SAND has undoubtedly captured our attention, achieving a breakout from the Symmetrical Triangle pattern with a notable ascent. Currently, SAND is at a pivotal juncture, facing a resistance zone that needs to be overcome to maintain its upward trajectory. However, SAND has not yet initiated a downward movement for a retesting phase.
💎 For optimal entry points, we can await confirmation by observing either a breakout from the resistance zone or a pullback to the demand area. If SAND manages to breach the resistance promptly, it's likely to proceed smoothly towards its next targets, the supply zone, and the bearish OB region.
💎 Should SAND face another rejection at the resistance, it might enter a retesting phase at the demand zone. In such a case, SAND would require a definitive bounce to continue its attempts to shatter the resistance barrier.
💎 Failure to do so could result in SAND relinquishing its hold on the demand zone, indicating a potential false breakout and initiating a downward momentum. Consequently, SAND might seek support, potentially testing the resilience of a significant support area below.
💎 For optimal entry points, we can await confirmation by observing either a breakout from the resistance zone or a pullback to the demand area. If SAND manages to breach the resistance promptly, it's likely to proceed smoothly towards its next targets, the supply zone, and the bearish OB region.
💎 Should SAND face another rejection at the resistance, it might enter a retesting phase at the demand zone. In such a case, SAND would require a definitive bounce to continue its attempts to shatter the resistance barrier.
💎 Failure to do so could result in SAND relinquishing its hold on the demand zone, indicating a potential false breakout and initiating a downward momentum. Consequently, SAND might seek support, potentially testing the resilience of a significant support area below.
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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.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.