SANDUSDT trade ideas
Sand Perfect Long EntryThe next targets for this parabolic bull run are as follows:
First target: $4.25
Second target: $5.99
Third target: $7.72
Fourth target: $8.79
The Sandbox has recently raised $93 million in a funding round led by SoftBank to help grow its virtual world based on NFTs. The money comes an estimated $30 billion fund from one of the world’s biggest companies. Other investors in the round included Animoca Brands, True Global Ventures, Liberty City Ventures, Galaxy Interactive, Kingsway Capital, Blue Pool Capital, LG Technology Ventures, Alpaca VC, Graticule Asset Management Asia, Com2uS, executives at GoldenTree Asset Management, Nokota, Sun Hung Kai & Co, Sound Ventures, Red Beard Ventures, SCB 10X, Polygon Studios, Samsung Next, Double Down Partners, StakeFish, SterlingVC, and HodlCo.
Arthur Madrid, CEO of The Sandbox, said that the money will help the company grow beyond gaming into economies such as fashion, architecture, virtual concerts and shows, art galleries, museums, and more. Madrid and his cofounder Sebastien Borget said they want to build the metaverse.
venturebeat.com
SANDUSDT | BREAKOUT LEVELDecentraland and SandBox could offer another breakout from the horizontal level.
Sandbox looks like it can offer huge spike to more than 2.5$ if it manages to close above 1.5240 level.
We have seen a clean breakout from the falling resistance previosuly on 25th june but since then price remain in the range and unable to break 1.5240$
What do you think of the idea?
SANDUSDTSANDUSDT(08.14.2022 UPDATED)
Wait until price touches the trend lines then look for signal bar and key bar /Breakout and pullback to recognize direction of price movement.
Money Management must be obeyed.
Open position without setting the proper stop loss (1% or 2% of total balance ) soon or late will cause to lose all your money ( call margin )
Majority of trades is done via computer trading (forex / cryptocurrency)
priority in analyzing charts:
1- Price Action
2- Market structure
3- Chart patterns
4- Candlestick patterns
5-Divergence
6-Indicators
SANDUSDT is testing the 4h resistance
The price is inside a descending channel on the 4h timeframe and now the price is testing the resistance.
How to approach it?
The price needs to create a clear breakout from the resistance and retest it as new support, so According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
SAND broke the triangle pattern.The following content is machine translated:
In the 4-hour chart, it fell back after yesterday's false breakthrough, and today it broke through successfully and continues to be bullish.
Indicators macd and RSI indicators are bullish trends.
Summary: The breakout pattern and indicators are both in the bullish range and continue to be bullish. The short-term target is to look at the resistance near 1.5, and the breakthrough continues to look at a higher position, such as near 2.
Trading opportunity for SANDUSDT SandboxBased on technical factors there is a Long position in :
📊 SANDUSDT Sandbox
🔵 Long Now 1.3543
🧯 Stop loss 1.1120
🏹 Target 1 1.4747
🏹 Target 2 1.8686
🏹 Target 3 2.4343
💸Capital : 1%
We hope it is profitable for you ❤️
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▪️Bitcoin dominance index - is an indicator that indicates the ratio of bitcoin capitalization to the capitalization of the entire cryptocurrency market.
▪️How does btc dominance affect the market? - When the dominance of bitcoin falls, altcoins begin to rise - this is called the alt season!
▪️Now the dominance is at its minimum values, which means that it will soon begin to grow! Altcoins will be weak during this period of time. Bitcoin may reach $30,000 and go for a correction. So far, these are my thoughts for the near future!
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SANDUSDT |Today's Review|Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
The last deal worked as planned, now you can roll over to long
My plan for a trade entry from the local trend line $1.2791
Stop-loss, as always, hid behind the trend line $ 1.2345
Take profit will be removed according to the situation, approximately $ 1.43
Profit to all, do not forget about your risk management!
SAND - Trade setupHey Guys,
Update on Market
No one knows what's going to happen. Trading is all about being able to read between the numbers, it's an art which empowers us to be able to make decision upon understanding the market. This world works on patterns, everything you come across will have a pattern, they say world is full of randomness, yes it is until we actually figure it out, the one who make good decisions are the one's who observe first. Try to understand what's going on in the market and take action accordingly.
Today Trade Setup
Falling wedge pattern, Sand had been trading in this pattern from past 5 days, In technical study of the market falling wedge concludes only one thing - "The trend is weak" therefore it's been moving with the decreasing volume or relatively low volume which results in trend reversal soon. Now we are at that phase where upward breakout is likely in favour, until and unless any external factor effects the market sentiment. So this is my trade setup for SAND against USDT, once i got breakout confirmation I'll dive into the market. Plan your trade accordingly.
Disclaimer : Make note that anything provided here is not a financial advice, trade accordingly.
SAND/USDTCurrently, SAND is possibly at the stage of distribution where I am expecting when the 4H candles closed below the NPOC which is the green line, which confluence with the trend line support, once two of them are breached by the price action, I am expecting a mean reversion to the down side for them. The risk:reward over here is pretty decent and a lot of unsweep lows at the bottom. Peace