SAND's Potential Breakout: Will It Hold Above Key Levels?🔍The market is currently showing some promising signs, but we need to wait for confirmation before taking any action.
📆Coin of the Day: SAND (The Sandbox)
About the Project
The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences using SAND, the main utility token of the platform.
🧩Technical Analysis
4-Hour Timeframe
This analysis focuses on futures trading and explores potential market scenarios.
📊Curve Line: The current price action is forming an upward curve, but this curve is not yet reliable. We need to see a confirmation with a price move above 0.469 to consider it a dependable support line.
📈Bullish Scenario: If the price breaks above 0.469, the next targets would be 0.5057 and potentially 0.5100. A confirmed move above these levels could indicate a strong bullish trend. Watch for the RSI to break above 66.06 to confirm the entry of bullish momentum.
📉Bearish Scenario: If the price fails to break above 0.469 and starts to decline, it might test lower support levels at 0.4492 and 0.4300. A significant bearish move could lead the price down to 0.4057. Volume analysis suggests caution, as the volume is not strong enough to support a sustainable bullish trend yet.
📊Volume Analysis
The volume is currently volatile and not showing a clear trend. This volatility in volume is a negative point for a strong upward trend, indicating that traders should be cautious and wait for clear signals before entering any positions.
👨💻Trading Positions
Long Position
Entry Trigger: Break above 0.469
Strategy: Open a position on the break of 0.469 and wait for confirmation from the price action to set the target. Consider taking profits or adjusting stop-loss orders based on market conditions.
Short Position
Entry Trigger: Failure to break above 0.469 and a decline below 0.4492
Strategy: Open a position if the price fails to break above 0.469 and starts to decline, targeting lower support levels such as 0.4300 and 0.4057.
📝SAND is currently forming an upward curve but requires confirmation above 0.469 to be considered reliable. Traders should watch for breaks of critical levels to open positions. Volume analysis suggests caution due to its volatility. Long positions should be considered above 0.469, while short positions can be approached if the price fails to break above this level and declines below 0.4492. Always keep an eye on the RSI for confirmation of momentum in either direction.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
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SAND
Alikze »» ALICE | Pullback to broken structureIn the daily and weekly time, it has been moving in a descending channel, after the bottom formation in the 0.64 area, a motivational wave has started, which is now facing selling pressure in the supply area after the sub-swing break.
🔰 Therefore, this correction can be a pullback to the green box area, which can face demand in the green box area and continue the upward trend until the next supply area.
⚠️ In addition, if the green box area is broken, the correction can continue until the specified area, which will be a little difficult to continue the upward path.
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Alikze »» MANA | Ready to retest the resistance zoneIn the last two posts, the Mana currency experienced a growth up to the specified area. After making a head and shoulder pattern in the roof of the channel, it faced a correction, which continued until the 36 cent area.
💎 Currently, due to the candle that has broken the support zone, it has become a stubborn resistance.
💎 Therefore, I expect that considering that a double bottom is currently formed with a retest of the area and with the support of the 39 cents range, it can attack again to break it, that this attack can continue up to the midline of the channel and then it can reach the ceiling. Continue the growth channel.
💎 Alternate scenario: If it loses the range of 39 cents and stabilizes below it, the next scenario can be substituted for it, which can extend to the green box area.
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Alikze »» AXS | Pullback to the roof of Minor is brokenIn the 4H time, after a zigzag correction to the $6 range, it has been within a trading channel for some time.
💎 In time 1D, an FVG gap is observed. Therefore, if this return to the minor ceiling is supported by the green box, it can have a growth to fill this gap in the first step.
💎 In addition, in the case of strong momentum, this growth can be extended to the supply area.
💎 Alternative scenario: Considering that it is currently at the top of the channel, if it is not stabilized at the top of the green box, it can continue the correction to the middle of the channel and then to the bottom of the channel in the green box area.
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It appears that the metaverse & gaming cryptos are waking up. Just as we are finally seeing mana pump and gala, we are now likewise seeing sand follow suit too as it seems to have finally broken up from the extended descending bear flag it was in for the longest time that I have posted charts about in the past. There are two possible measured move targets for the yellow channel its breaking up from. The dotted pink line represents th target if the slightly lower top trendline is the more valid top trendline of the channel, and the dotted yellow line represents the breakout target for if the highest of the potential top trendlines of the channel is the more valid one. Often times they both end up being validated. The dotted dark bluish purple trendline is the measured move for when sand breaks above the top horizontal bluish purple neckline which is the neckline of the double bottom pattern its currently printing on the chart. *not financial advice*
📈SAND Futures: Short-Term Trading Analysis⚡️🔍Exploring SAND, a metaverse venture with long-term potential, we shift our lens to short-term trading prospects within SAND futures, scrutinizing a 4-hour timeframe.
📈Beginning with candlestick analysis, SAND witnessed a notable decline post-breaking the 0.5629 support, settling near 0.382, thereby forming a consolidation zone between 0 and 0.382. The duration of this range remains uncertain.
💥RSI, after touching a support level at 13, now stabilizes around 50, signaling a reset amid price stabilization. Await RSI's confirmation as it forms a new structure. Meanwhile, volume diminishes post-reaching the 0.4050 floor, synchronizing with the consolidation phase, implying reduced activity during price correction.
📉For potential short positions, monitor a breach below 0.4050, presenting potential entry points, with an initial target set at 0.3647. Conversely, exercise patience for long positions, awaiting confirmation near 0.4710 or a bullish move followed by a correction.
📝Stay vigilant as SAND's short-term trajectory unfolds, capitalizing on emerging opportunities while navigating market dynamics.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
SAND/USDT Shows a bouncing from the support, Back to upward ??💎 Paradisers, #SAND has recently exhibited notable market dynamics, demonstrating resilience with a bounce from the support area.
💎 The historical pattern suggests that when SAND reaches this level, it tends to bounce, indicating strong support. If SAND also manages to break out of the bullish pennant pattern, it could signal a continuation of the upward movement toward the strong resistance area.
💎 However, if SAND breaks below the support area, it could signify a bearish momentum, potentially leading to further downward movement towards the next support level at $0.464.
💎 It's crucial for SAND to bounce from the support area and reclaim the price above this level to maintain its upward trajectory. Failure to do so could result in continued downward movement.
MyCryptoParadise
iFeel the success🌴
Alikze »» SAND | Pullback to broken structureThe Sandbox is a blockchain-based platform that offers creative and decentralized gaming experiences. SAND combines DAO, Metaverse, and NFTs to usher in a new era of gaming.
🔰 In the weekly time, it has made a mixed correction, which after 50% correction of the previous wave has faced demand in the range of 0.27, and now with the failure of the dynamic trigger and a correction and a pullback, it has a growth up to the supply area and neck line. Therefore, I expect that after completing the corrective lag, it will face demand and advance towards the target.
⚠️ The invalidity zone of the analysis is the range of 0.39, and penetration and stabilization below that analysis will be invalidated.
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Alikze »» LOKA | Ready to defeat the dynamic triggerLeague of Kingdoms Arena is a strategic game governance token with a small market cap, with almost half of its tokens in circulation.
After a mixed correction at the bottom of the range of 0.16, demand is met. Currently, it has done a full movement cycle in the form of wave 1, and after the correction of wave 2, this moving wave of wave 3 or upward C can continue its growth after breaking the dynamic trigger to the specified areas. Therefore, according to the momentum of the wave, we should witness the failure of the dynamic trigger for the specified goals.
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Alikze »» ILV | Wave 3 or C continuation scenarioIn the daily and weekly time, after a complete cycle of correction and bottoming in the range of $37, a motivational wave is entered, which completes a complete cycle in the form of a 5-wave, which in the 2nd correction wave, after making a corner pattern, which according to the previous analysis He reached his goals.
🔰 But currently, this upward cycle can be continued up to the specified areas according to the momentum and type of behavior and structure.
🔰 Currently, the current zone must be broken to continue the path.
⚠️ In addition, if it penetrates and stabilizes under the red box area, this movement scenario will be invalid.
🟩Sup:Red Box
⛳️Tp1 : 177.62
⛳️Tp2 : 228.39
⛳️Tp3 : Red Box-2
⛳️Tp4 : 471.83
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$Sand SAND rounded bottom Formation....NYSE:SAND price action is currently forming a rounded bottom
Current price: 0.71
Sand Price is currently at a major resistance btw 0.71 - 0.8 (not broken since 2022!)
A break above this key resistances will lead to up resistances: 1.1, 1.4, 1.7, 2.0, 2.3, 2.6, 3.0, 3.4
Continuous rejection at this major resistance will make for buy the dip levels at support 0.42
#sand #2sydes
🔥 SAND Bullish Channel Signal: Ride The WavesAs seen on the chart, SAND has been trading inside a well-defined bullish channel pattern for almost 6 months at this point.
This signal is based on the idea that SAND will continue to trade within the channel and will bounce from the bottom support.
Stop just below 0.50$, target at 1$ to create a very decent trade with high RR.
memories of a bull market in Metaverse tokens .... #SAND has a inverted head & shoulders in the works
That has some nice targets
SEcond cycle
so it in most likelihood it falls short of the previous high as is customary for altcoins
but the previous cycle's action is enough to attract speculative capital into these type of coins
to ride a memory pump
there you go.
SAND Update (Very Bullish)From the place we entered on the chart "start" our big B wave has started.
This wave B has been a diametric, but now it seems that the final wave of this diametric (wave G) has been dwarfed.
By maintaining the green zone, it can enter the C wave of the big bullish degree.
Closing a weekly candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
SAND/USDT upward momentum from key support? 👀 🚀 SAND 💎 Paradisers,dive into the #SANDUSDT wave, catching bullish vibes from its current stronghold.
💎 After a slight stumble at $60.16, #SAND is flirting with a transformative level at $55.83, morphing past resistance into current support.Holding steady here could catapult it into a bullish odyssey, aiming to leapfrog past barriers and into uncharted territories.
💎 The crypto cosmos is a realm of rapid shifts and twists. Facing headwinds at this critical juncture could mean it's time to pivot. On standby for a rebound from the pivotal $51.387 line, yet a slip below could spell a descent into the bearish abyss.
💎 Gear up, Paradisers! The #SAND saga is unfolding, and we're here for the rollercoaster ride. Fasten your seatbelts, keep your strategies flexible, and eyes wide open for the next thrilling chapter!
SAND/USDT riding bulls wave? 👀 🚀 SAND Today Analysis💎Paradisers, it's time to spring into action as #SANDUSDT is bracing for a potential shift. The current price action is showing impressive momentum from a solid support level, hinting at surpassing the resistance at $0.7198. With the price maintaining its momentum, we're on the lookout for confirmation. Once the resistance transforms into support, that's our green light.
💎Upward Momentum Targets: The first milestone post-breakout is targeting the resistance at $0.9912. Breaking above this level would pave the way to challenge another resistance at $1.4782. Remember, the market might set traps that can play with your trading psychology during these moves. Stay alert and wait for clear confirmation before planning your trades.
💎 Strategy for Potential Drops: Given the market's inherent volatility, we also prepare for alternative scenarios. If the price of NYSE:SAND drops below the support level of $0.4149, it signals a time to adjust our strategy. In such cases, planning for short entries becomes prudent as it reflects a diminished buyer interest and a leaning towards sell-side sentiment.
💎Navigating Market Dynamics: As savvy traders, we always entertain all possibilities, ready to pivot our strategies in response to market shifts. Keep a close eye on these developments, and remember, patience and vigilance are your best allies in navigating these waters. Your Paradise Team is here to guide you through every step of this exciting journey!