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Sandusdt

SANDUSDT - Price action UpdateHi there, So many were calling for shorts and few were calling longs but in real what's gonna happen ? Well my answer no we can't say the least we can do is predict the possibility of happening but we can't sure it's gonna happen. So without any confirmations in price actions of the assets never take a trade based on the predetermined decisions, one must able to make decisions instantly according to changing conditions to be a successful trader. Moving to analysis, here we are on SANDUSDT chart, what's the idea.... Well it's pretty simple the previous upward moment had been rejected from the resistance zone which is at $0.7941, so can we open short? well not so soon, let's draw out some pivot conditions to conclude our decision. Volume : Well from the last three days the volume has been pretty much increasing and ofc volume during the rejection from it's resistance is also high. RSI : well it's been in nice uptrend from the past three days, it oscillated between the range 40 -60, so it's too early to open short. MACD : we can observe the downward strength is slowly decreasing, so yea definitely it's not the time to open short. Resistance : $0.7941 has been acting as strong resistance unless it's got broken, we can't open long too. Intraday Trade : LTF - 5min : there's a pattern formation called descending triangle with local support $0.7671 - once it's broken we can open the short placing the target at $0.7948 Conclusion : It's too soon to open short position we need to wait until the price heads to the range - $0.7845 to $0.7941 and got reject from there which is likely or to break the local support at $0.7671, so that we can open short. And if the resistance is broken we can draw constraints accordingly to go for long. Wait until the confirmation....Stay connected for updates and if any doubts comment in the comment section
by Livermore_Jr
SAND short with GREAT RISK-REWARDSand is incredibly bearish. There is nothing about this chart that suggests this asset will gain value any time soon. Reasons why it's bearish - In a downward channel for over 2 months with no threat of breaking it. - Just broke 80c support and backtested it as resistance. - Both the RSI and MACD look set for negative growth. The short will be active until the channel is broken to the upside and it leads to a break back above 80c and holds it as support. I will not exit the trade if the SL hits unless I see this^.
Short
by SynergyTradingSetups
SANDUSDTHello friends Considering that the current trend is not above the range of $0.8839, the possibility of continuing the upward trend from this range is weak. There are two situations, or an increasing trend is formed from this range and the white area ($0.8839) is completely consumed. Or from this price range, a corrective trend can be formed up to the area of $0.8212. If the first mode is implemented, that is, the range of $0.8839 is consumed in the same movement, the validity of the area of $0.8212 will increase. In the upward trend, the range of $0.8674 has been completely consumed, as a result, the pink area is valid and the probability of reaction to this range is high. What do you think?
Long
by BiTBingo
SANDBOX : Day trade (LONG)SANDBOX: Day trade (LONG) Some trends show some increased trends coming time for SAND Its very hard to find the right coins in a moment where most coins don't move really, and same time we are in a time where the take profits are faster than before. but trends change with time If there is real breakout trends or high increase, for 90% we will find them with our trading algorithmic including volume study We use 10% of work depending on algorithmic the rest studies. When we add coins it means not it will increase: but the coins that we add have the most chance at that moment to change or in the short term.
Long
by Goldenbreakout
SANDUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for SANDUSDT There are R2 and R1 as the resistance areas which contain the disability of the price in order to rise. And S1 and S2 are the support areas that express the price is well supported in them. Presently, we have the fluctuation of price over S1 and we predict a rise will happen to it to reach R1. Then here we should wait for some falling signs and our expectation would be a fall toward S1. In case the price moves above R1 and fixes there, more rise is predicted for it. Note that consider the confirmation candles for having good logical trades. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals