Sand recently was pumped a lot, which means it needs a good healthy correction.
On the daily it's about to start correction, which shows with a huge volume at high.
The main targets are shown at the chart, Sand could bounce from each of them, creating correction.
I expect it to go at least -60% from this point.
However best entry is at squeezing down the trendline.
On the daily it's about to start correction, which shows with a huge volume at high.
The main targets are shown at the chart, Sand could bounce from each of them, creating correction.
I expect it to go at least -60% from this point.
However best entry is at squeezing down the trendline.
Note
Sand will continue falling.The weakness is on its volume - recently high volume at highs and almost no volume while falling down.
That means it should go deeper to find support with bigger volume.
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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.