SANDUSDT.P trade ideas
SANDBOX - Time to Buy? ⌛🦜Let's start with the news:
''Lookonchain revealed that 127 million SAND was transferred from wallets belonging to The Sandbox.
Token Unlocks noted that 332.55 million SAND will be unlocked in the next 10 days.
A drop below the minor support level at $0.3970 could see SAND drop to $0.3746. ''
Now TECHNICAL ANALYSIS:
TP beats news almost every time in crypto and see support and structure I want to buy from.
0.383 is valid, huge support and the price seems ready for higher
0.59 is the first area where profit will be taken in that case.
WHY?
I believe the SANDBOX has had it's 'crisis' together with the industry but is still poised for many successes in the future..
Can it make history?
The British Museum says yes: British Museum Ventures into Metaverse with The Sandbox
The Sandbox, an Ethereum-powered metaverse, has announced a partnership with the British Museum to create a range of digital collectibles that mirror the museum’s collections since its inception in 1753. The British Museum, known as the world’s first public national museum, is now stepping into the metaverse, aligning with its mission to be a “museum of the world, for the world.”
This collaboration, facilitated by the museum’s licensing partner, LaCollection, aims to provide a new, immersive way for people around the globe to engage with the museum’s artifacts. The focus is on developing digital experiences that encapsulate the rich history the museum represents.
Let's go SANDBOX
The FXPROFESSOR
SAND USDT PERP BEARISH PENNANTHello Trader BINANCE:SANDUSDT.P
looking at the sand usdt pairs chart there is price weakness and indications for bearish pennat, can be short for the limit area that I have determined.
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🔥 SAND Bearish Triangle Break Out: New Lows ComingSAND is weak. No reason at all to look bullish at this token. The bearish triangle on the chart is taking shape very well. Some more red days and we could break out of the bearish triangle.
Please wait for the break out to confirm with the price closing below 0.325 on the daily chart.
My target is the 2021 lows, which could be the bear market lows, we'll see by then.
Sand/USDT - Sideways Trade PlanSand/USDT is moving sideways in the 1-hour time frame. We can trade this pair based on their support and resistance levels if the pair breaks the 2nd resistant level we may enter a long position having SL below 1st resistance. Also, we may place a sell stop on the breakdown of the 2nd support level with SL above 1st support.
Sand watch outMy bias here is downtrend in 1 day tf see the trendline (violet) it touch 3 times but still no breakout it is currently sitting in 1st support (skyblue) and trendline (violet) wait for breakout and entry for short also see the (violet) trendline it forms bear flag a bearish pattern wait for bearish candle and take profit in 2nd support (sky blue) and there is also a pivot line support in it
SAND mid term play?Literally can't get rid of these cancer ranges.
Will our overlords finally Bid?
Pros:
Acceptance into the range might finally get some Bids going.
Cons:
No Narrative
No News around Sand
Invalidation is clear
(If everything goes to shit, I would not be surprised if they hit the SL's below and then back into the range.)
SAND/USDT bullish ride 👀 🚀 The sandbox today analysis
💎 t's currently trading in a demand zone, setting the stage for a potential bullish move. We've also noticed a descending channel pattern that's on the verge of a breakout.
💎 Previously, we saw the demand zone turn into a supply zone, causing a significant downward price movement. The market has since grabbed buying liquidity and mitigated the previous imbalance.
💎 Currently, SAND is maintaining strong momentum above the 21 EMA, which further bolsters the potential for a bullish journey.
💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
sand long scalpWe notice the bearish trend line has been broken
And the entry of liquidity into the market
It is not a requirement for a correction of the entry area, it may rise from the current price
I apologize that my English is not good
Good luck to all
target
in chart
stop lose
in chart
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SANDUSDT relevant support and resistance levelsThe price bounced from weekly support WS1 and head towards 4h resistance 4HR1. From there it was rejected and pulled back. It seems logical that the price will visit the daily support again before attempting the 4h resistance 4HR1 again. Anyways, a long is favorable from daily support if the price reaches there. Overall all the relevant supports and resistances are marked and the principle remains same: long the support and short the resistance.
Brief Analysis —— SANDThe preliminary result to the lawsuit of XRP and the SEC was released yesterday. The court held that XRP does not meet the characteristics of securities in the secondary market, but meets the HOWEY judgment in the primary market. This result is interpreted as a victory for XRP, but also for the crypto market.
After that, XRP was relisted by the exchange such as Coinbase and pumped. Many tokens that were defined as securities last month followed up. Today we have selected three tokens that were once defined as securities to share. AVAX\USDT, MATIC\USDT, SAND\USDT
Although SAND had gains of more than 13% yesterday, it is not a big deal for the decline after being defined as a security. The price was near the high point of early July and did not recover the decline of early June like many other tokens. This has caused SAND to maintain bearish on a large scale. The trend is more like maintaining fluctuation in the past month.
Conclusion: Mostly fluctuation. The long green candle yesterday was more likely to be carried by the market. Up until yesterday, there was little momentum to move up. And at the current price, the previous low can still provide resistance, so we come to this conclusion. We set resistance level at 0.495, which is the lower rail of the previous range, and support level at 0.362.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.