SAND has been in a bullish channel so far, and looking great. Currently, it is finding support at the $0.678 level, and looking to break higher. Watch for a retest of the $0.722 support level to confirm uptrend before entering the trade. Look to take profit at the ATH or at the resistance level of the bullish channel.
SAND doesn't have much news in the coming weeks, but they are constantly releasing new assets on their game, which looks great. Buying pressure and volume of SAND is also quite high, which signals bullish sentiment.
SAND doesn't have much news in the coming weeks, but they are constantly releasing new assets on their game, which looks great. Buying pressure and volume of SAND is also quite high, which signals bullish sentiment.
Note
SAND is moving up now, let's see if support holds at $0.722 to consider entry.Note
SAND appears to be breaking out of the bottom of the bullish channel, which could be a sign of a further drop. Stay cautious and don't enter yet.Note
Check if SAND bounces off support at the $0.62 level. If so, there is a possible breakout on the upside of the local descending wedge back to the top of the bullish channel for SAND to about ~$1.Note
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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.