$SANDUSDT about to continue the bullish move to above $1
This 2H chart of 
SANDUSDT highlights a retracement-based bullish setup. Following a recent breakout of the $0.71 resistance zone and a retracement back to the zone which aligns with the 0.618 Fibonacci retracement zone, a bullish move is expected as SANDUSDT would continue its bullish trend. Enter long positions near the current level. Watch for breakouts above $0.88 for confirmation of continued bullish momentum, then a push to $1 and finally $1.10
Parameters
Entry: Between 0.71 - 0.78
TP1: 0.85
TP2: 1.00
TP3: 1.10
SL: 0.64
This is a 1:5 RR Bullish setup.
Like and comment your thoughts about the setup.
SANDUSDT highlights a retracement-based bullish setup. Following a recent breakout of the $0.71 resistance zone and a retracement back to the zone which aligns with the 0.618 Fibonacci retracement zone, a bullish move is expected as SANDUSDT would continue its bullish trend. Enter long positions near the current level. Watch for breakouts above $0.88 for confirmation of continued bullish momentum, then a push to $1 and finally $1.10Parameters
Entry: Between 0.71 - 0.78
TP1: 0.85
TP2: 1.00
TP3: 1.10
SL: 0.64
This is a 1:5 RR Bullish setup.
Like and comment your thoughts about the setup.
Trade active
SANDUSDT had a good push to the upside and has hit 2 out of the 3 expected targets. After pushing past $1 a little pullback is expected, to enable it gain some momentum for the final push. SANDUSDT came down to 0.87 zone which is now acting as a support. A little consolidation might happen before making another move towards our final Target Point $1.10
You can either close in profit or wait it out. All the best!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.