Trading Idea - #SAND
My BUY Mindset for #SANDUSDT
Entry: 3.45 USD
Target 1: 5.00 USD (+46%)
Target 2: 5.48 USD (+60%)
Stop: 2.28 USD
#SAND is the native token for a very unique platform that combines blockchain technology and #NFTs with the gaming world and aims to revolutionize the #gaming industry. Therefore, it is possible that the SAND token will increase in value if the Sandbox platform grows.
Currently, there are a little less than 1 billion tokens, while the maximum offer is 3 billion tokens.
There is definitely a possibility for a LONG trade. The main reason is that the price has bounced off the support line ($2.60) several times. Furthermore, the token has a real application on the Sandbox platform. The past #NFT hype should have already attracted both long-term investors and gamblers to buy SAND coin. #HODLers determine support levels. It is quite possible that this has set in at USD 2.60.
The stoploss is a bit generous in this case, as we have already moved a decent distance away from the support line.
Entry: 3.45 USD
Target 1: 5.00 USD (+46%)
Target 2: 5.48 USD (+60%)
Stop: 2.28 USD
#SAND is the native token for a very unique platform that combines blockchain technology and #NFTs with the gaming world and aims to revolutionize the #gaming industry. Therefore, it is possible that the SAND token will increase in value if the Sandbox platform grows.
Currently, there are a little less than 1 billion tokens, while the maximum offer is 3 billion tokens.
There is definitely a possibility for a LONG trade. The main reason is that the price has bounced off the support line ($2.60) several times. Furthermore, the token has a real application on the Sandbox platform. The past #NFT hype should have already attracted both long-term investors and gamblers to buy SAND coin. #HODLers determine support levels. It is quite possible that this has set in at USD 2.60.
The stoploss is a bit generous in this case, as we have already moved a decent distance away from the support line.
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