SAND/BTC (Crucial Support Area)💎Technical Analysis Summary💎
BINANCE: SANDBTC
-SAND is back at a key level of support for the 4th time
-It is also respecting the trendline resistance for the past 13 days
-As we all know, the more the resistance/support being tested
-The more it gets weaker over time
-Here, the issue if the support because the Bulls are unable to push the price higher
-I don't recommend buying at the current market price
-Please wait for the breakout direction to reduce the risk
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Sandbtclong
SAND/USDT (Broke Local Resistance)💎Technical Analysis Summary💎
BINANCE: SANDUSDT
-SAND broke the local resistance area with good volume
-It is now trying to move above the upper channel where Bulls have a slight edge
-If you will look at the bigger picture, SAND still within a large channel
-So be careful, things can go around within minutes
-If I'll be looking to enter for a Long position
-A healthy pullback to retest old resistance turning new support
-Would a be potential Buy signal provided there is Bullish reactions during pullback
-Upside target is up to 0.066 dollars
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SAND/BTC BREAK THE LINE a.k.a BREAKOUTBINANCE: SANDBTC
-SAND break line at 404 sat,
-hope this make trend reversal
entry 404 sat
hope can TP in 550
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SAND/BTC (Trading at Major Support Area)BINANCE: SANDBTC
-SAND retest previous support a 379 sat, a reaction bounce but rejected by trendline resistance
-The Bulls must defend the major support around 380 sat in the short term
-Falling wedges are reversal patterns most of the time
-SAND is showing some interest on the Buyers side as the price is back at the demand zone
-But until the pattern is broken to the upside, it can see go lower
-So I recommend to Buy the breakout confirmation or wait for a pullback
-If you are looking for an aggressive entry, please make sure you have a tight stop loss in place
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Please Exercise Risk Management
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