SANDUSDT Spot (30-Minute Chart) AnalysisSANDUSDT Spot (30-Minute Chart) Analysis
Market Overview
The 30-minute chart for SANDUSDT shows a predominantly bearish trend (70%), with price consistently making lower highs and lower lows. However, there is an emerging short-term bullish signal, with price reacting from a local support zone and forming a potential reversal pattern.
Key Technical Levels
Supply Zone (Resistance): $0.416 - $0.420
Demand Zone (Support): $0.374 - $0.380
Key EMAs:
EMA 50 & 100: Acting as resistance levels (~$0.390 - $0.395)
EMA 20: Showing early signs of a potential shift in momentum
Fibonacci Retracement Levels:
0.382 TP1: $0.3968
0.500 TP2: $0.4006
0.618 TP3: $0.4044
Trade Setup & Strategy
📌 Entry Point: $0.3843, as price reacts from demand zone with bullish momentum
🎯 Target Levels (TPs): $0.3968 / $0.4006 / $0.4044
🔴 Stop-Loss: $0.3766, to protect against further downside
💡 Confirmation Criteria:
Price holding above $0.384 with increasing volume
Break and close above EMA 50 (~$0.390 - $0.392) to confirm bullish continuation
MACD / RSI divergence for additional confirmation
⚠️ Risk Considerations
If price fails to reclaim EMA 50, the bearish trend may continue
Macro sentiment could influence volatility and cause unexpected breakdowns
📌 Conclusion:
A short-term bullish opportunity is forming from the demand zone, but price must break above EMA 50 ($0.390 - $0.392) to confirm a shift in trend. If the breakout is successful, targets around $0.400 - $0.405 become viable. However, if price loses $0.376, expect further downside continuation.
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