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SANDUST trade ideas

SANDUSDt Needs more liquidityThe price got a false breakout from the daily resistance at 0.877 Area where the market has the supply zone How to approach it? the price could have a pullback until the 0.618 Fibonacci level and grab new liquidity to test the 0.78$ demand zone, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
No Lambo but maybe...Gucci? 👜👠🇮🇹In February, Gucci announced it bought land in The Sandbox metaverse , and last week it launched its first event. The Gucci Vault Land event will be available for two weeks until November 9. At the same time, Gucci has launched eight voxel digital collectible clothing items available in The Sandbox. Or, as Gucci put it, “Within the experience, Vault will present a selection of digital collectibles to portray its ongoing pursuit of precious wonders.” Plus, existing owners of Gucci Vault NFTs, such as the SUPERGUCCI, will receive a special Aura NFT wearable. The fashion business opportunity in the metaverse Stepping back, the ongoing experimentation of fashion brands in the metaverse is hardly surprising. Fashion, and especially luxury fashion, is a status symbol. While some might wear it for themselves, most want to dress to impress. For now, nobody sees you when you use social media. But over time, social media is likely to migrate into the metaverse. So how you dress your avatar will matter. The latest research shows that people spend almost two and a half hours a day on social media. That’s considerably more time than they spend IRL socializing. Logically, in the future, people may choose to spend more money dressing their avatars than themselves. Morgan Stanley estimate that by 2030 luxury goods in gaming, the metaverse and NFTs could be 10% of the market or a €50 billion ($50bn) revenue opportunity. It’s also a high-margin one because there’s no need to produce and ship the goods physically. Toe in the waters But for now, two things impact fashion brands engaging in the metaverse. First off, there are only a few people in the metaverse. For now. So Gucci doesn’t want you wandering into their Gucci Vault when it’s mainly empty. Instead, it’s exploring the metaverse with events, gathering people together at the same time. And The Sandbox is running quests in the game which earn Gucci Vault Boxes to keep people engaged. This isn’t Gucci’s first metaverse experience. Last year it ran a two-week Gucci Garden event in Roblox. It also partnered with the Tennis Clash game and the Korean Zepeto chat app and virtual worlds. That leads to the second challenge. Luxury fashion brands are notoriously fussy about production values and details. The Sandbox is currently a voxel format – those pixelated characters. In contrast, the production values of Zepeto and Roblox were far higher. To its credit, Gucci has managed to overlook that and is willing to experiment. And it’s not the only one. During New York Fashion Week, the Council of Fashion Designers of America (CFDA) announced a collaboration with The Sandbox. In December, it’s planning a metaverse showcase that will include Ralph Lauren, Donna Karan, Oscar de la Renta, and several other famous labels. Meanwhile, these incumbents face competition. Web3 is notoriously a major disruptor. If they’re willing, fashion brands should easily be able to embrace the metaverse and profit from it. But they most certainly are encountering web3 competition. For example, The Fabricant is a new web3 fashion brand that boasts Vogue as a client, and Nike snapped up RTFKT. Where the incumbents have millions of existing customers, the challengers are experts at building online communities and tapping into web3 culture. So, brands like Gucci must be willing to experiment as it has. The luxury house already has multiple non-fungible token (NFT) collections under its belt, including a collaboration with SuperPlastic for SUPERGUCCIs.
Long
by FX_Professor
3
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 continued its downward trend within the sh-term channel!During the past week, SAND continued its downward trend within the short-term range channel, and the price again hit an important weekly support zone. This support, located at $0.660-$0.740, once triggered a 100% positive price reaction and was the starting area of ​​the last bullish wave on the weekly time frame last year. Therefore, it is of particular importance for the future of the price of Sandbox currency. The RSI indicator has detected a positive divergence, which will be confirmed if the current support holds. Also, to confirm this divergence, you can receive a trend change warning by drawing a downward trend line in the 4-hour timeframe and breaking this trend line. Divergence is also evident in the 4-hour timeframe, and if the buyers can push the price back above the $0.78 range, the trend will be bullish in the 4-hour timeframe. The targets we can consider for the sandbox are the ranges of $0.845 and $0.900.
by MonoCoinSignal
3
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