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SAND-USDT

SANDUSDT.1DIn my analysis of the SAND/USDT daily chart, I have observed several key technical aspects which suggest potential future price movements for SAND. Trend Analysis: The chart shows a significant downward trend line from early in the year, indicating bearish sentiment over the past months. However, recent price action has consolidated around the $0.3957 support level (S1), which could signify a slowing down of the downward momentum. Support and Resistance Levels: The current price is slightly above the S1 level at $0.3957, which has acted as a pivot point for price movements. If the price holds above this support, it may attempt to push towards the first resistance level (R1) at $0.5081. A break above R1 could see further upward movement towards the second resistance (R2) at $0.5725. Indicators: The Relative Strength Index (RSI) is below 50, which typically indicates bearish momentum but it’s near the midline suggesting a potential for reversal if it crosses above 50. Meanwhile, the Moving Average Convergence Divergence (MACD) shows the histogram bars rising towards the zero line, which might suggest decreasing bearish momentum and a possible bullish crossover in the near future. Trading Strategy: Considering the proximity to the support level and potential reversal indicators, this could be seen as a buying opportunity for those looking to capitalize on a rebound to the R1 and potentially R2 levels. However, setting a stop-loss just below the support level at $0.3957 is crucial to mitigate risk in case of a continuation of the bearish trend. Risk Management: Ensuring proper risk management is essential, especially given the volatility and the potential for further lows. A stop-loss order not too far below the support level would help protect investments while allowing room for the usual price movement. Conclusion: The current market setup for SAND suggests a possible entry point for a bullish position with predefined targets at R1 and R2, backed by supportive indicators like RSI and MACD. The critical factor will be the price's ability to maintain above the $0.3957 support level. If it holds, we could see an upward movement; if not, the bearish trend may continue, pressing the price to test lower support levels.
by MarsSignals
sand → you can hold it on 0.37$hello guys... as you can see this coin broke up the descending channel and made a head and shoulders pattern on the breaking area! so we can expect the price is going to touch the 0.37 area as a pattern's target and then it will start an upward movement toward 0.74$ and 0.99$! ______________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
by melikatrader94
4
SANDUSDT.1DBased on the market data provided, the SAND/USDT pair shows a bullish trend in the short term, as indicated by the Relative Strength Index (RSI) of 80.65 on the 4-hour chart and 73.08 on the 1-day chart, both of which are above the overbought level of 70. This suggests that the pair is currently overbought and could potentially face a price correction in the near future. The Moving Average Convergence Divergence (MACD) on the 4-hour, 1-day and 7-day charts are all positive, indicating a bullish momentum. The Bollinger Bands (Bb) on all three time frames are above the current price, which could suggest a potential upward movement. The support levels are at 0.5567, 0.4980, and 0.4599 on the 4-hour chart, and 0.5141, 0.4541, and 0.3647 on the 1-day chart. If the price drops, these levels could serve as potential bounce-back points. On the other hand, the resistance levels are at 0.6174, 0.6274, and 0.6563 on the 4-hour chart, and 0.6221, 0.6791, and 0.7136 on the 1-day chart. These levels could be the target points for the price to break through in the coming period. Despite the bullish indicators, it's important to note that the market is highly volatile and unpredictable. Therefore, it's crucial to use stop losses and take profits at appropriate levels to manage your risk. Overall, it would be prudent to monitor the market closely and make decisions based on any changes in the trend. It's also essential to consider other factors, such as news events and overall market sentiment, when making trading decisions.
by MarsSignals
SAND/USDT Trading IdeaBelow is a trading idea for the SAND/USDT pair. Since the beginning of October, this asset has shown a consistent upward trend. Starting at $0.2739 and reaching a current high of $0.5970 , it has grown by more than 114% . The trend line, acting as support, confirms continued interest from buyers in this coin, having held up through three significant approaches. Currently, the asset is undergoing a correction after hitting a local price peak. The idea is to consider buying the asset if the price drops below the Value Area High and approaches the level close to the support trend line. The trend's stability is confirmed by the continuation of the upward movement after the correction from the local peak, accompanied by noticeable increases in trading volumes. After entering a position, the first target is considered to be $0.5992, with the second target at $0.7178.
Long
by Rick_SimpleSwap
🔥 SAND Finally Breaking Out Through 1.5 Year Resistance?SAND has been trading below this bearish resistance line for well over 1.5 years. With the market going up in general, is it finally time for this token to break out? I'm waiting for SAND to close a daily candle above 0.47, stop below the most recent swing low, target at 1.48. This way we can construct a very decent swing trade with a risk-reward of ~12.5. Time will tell if SAND will show us long-term strength like last cycle. For now, we're keeping our long-term target relatively close.
Long
by FieryTrading
8
SAND/USDT sell short idea . Greetings from Team : Trading The Tides. Lets discuss a short sell oportunity on (SAND) Target area for initiating short :0.617 DCA Limits : ,0.65 , 0.67 TP : 0.565 SL : Not gonna end up with stop loss , its a risky trade use less margin and lev (2x max ) Hold Time : swing Technical Chart Pattern: Descending triangle Posible liquidity area : mentioned on chart Rules : We use big capital with less leverage . Max leverage : 3x Better take trades with 1x. We only post the exact setup we are following for the trades . But DYOR . Not a Financial Advice ! From Team : Trading The Tides Like , Share ,Follow Thanks a lot and see you soon on the next trade .
by xairuq
🔥 SAND Still Macro Bullish, But More Pain To ComeSAND has been getting hammered by the current down-trend, just like the rest of the crypto market. However, SAND is still trading in a very well-defined macro bullish channel. We're currently at risk of losing more value with BTC hugging the $38k area, so we have to be prepared for a further loss of value in the coming weeks. In case that happens, I'm keeping an eye on SAND. The yellow area on the chart will most likely offer a lot of resistance, potentially even trigger a reversal of the long-term trend. Happy trading!
by FieryTrading
4
🔥 SAND Massive Bounce: New All-Time High Soon?Since Bitcoin made a huge move earlier this week, SAND has seen a very strong bounce from $5 to $6+. I'm expecting the price to show some minor consolidation over the coming day or so. Assuming BTC will either remain stable or move up again, I'm expecting SAND to continue to move up. Targets placed at $7 and $8. With the right market conditions, it would be possible to trade at a new all-time high again within the next 10 days or so. Happy trading!
Long
by FieryTrading
8
🔥 SAND Bullish Break Out: Volatility ExpectedIn my last SAND analysis we were looking at a bearish break out from a triangle pattern, see below. The trade was a success, and the price reversed after the first target as been hit. If we extend the lines further down, we can see that SAND is still in a downwards trend. However, SAND is currently doing its best to break out of the bearish trend. If SAND manages to break out the yellow area, we could definitely see more bullish pressure arise. Targets at $6 and $7. Be aware that BTC is a key factor, a drop in BTC's value will take the alts down as well. Happy trading!
Long
by FieryTrading
12
🔥 SAND Bull-Flag Pattern: Break Out SoonOver the last two weeks, SAND has seen some consolidation after a massive run up in the four weeks prior to that. During this consolidation period, a bull-flag pattern has appeared on the chart. With SAND bouncing off the lower support earlier today, I think that the pattern has been confirmed and that we're going to follow this in the near future. For now, we will see some more bullish price action towards the resistance of the pattern. A bearish bounce is to be expected from there since the pattern is not finished yet. Later in the weekend we might scout for a break out, ideally a bullish one with a big green candle. Target placed at the most recent high. Happy trading!
Long
by FieryTrading
14
SANDUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in a 4-hour time frame. As you can see, the price is fluctuating inside a rising flag and below the resistance line. If it can break that up, it can move towards our target. It is also possible that it will start moving upwards after hitting the first support line. We have drawn a third support line, which can be a good area to buy for long-term. Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position. Wish you luck
Long
by MarsSignals
🔥 SAND Another Bull-Flag Break OutOver the course of the last couple of weeks, SAND has seen an incredible performance, leading the way for the crypto-gaming tokens. During this period of impressive gains, four bull-flags have been formed and resulted into another break out. As of 3 days ago, a new period of consolidation has arrived for SAND. My take is that this is yet another period of accumulation before yet another bullish move. Targets placed at the current ATH at $8.5 and a longer term target at $10. Happy trading!
Long
by FieryTrading
19