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SAND

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.
Long
by Livermore_Jr
1
SANDBOX- Updated ChartMy updated SANDBOX Chart shows support at 1,31 Most likely i forsee a rise to 1.36 or even 1.43 targets. Major News: Sandbox voxel game and game engine Minetest 5.6.0 is out now Version 5.6.0 brings with it: More work on their rendering engine Dynamic shadows Fixed Transparency Sorting Better mod support Improved login/register UI Improvements to the Scripting API Minetest has been gaining some traction lately too, with more people taking notice like popular YouTuber AntVenom who did a video highlighting it that's worth a look One Love, The FXPROFESSOR
Long
by FX_Professor
11
SANDBOX - Market Feels Like Sand at this stage againGreek song for everyone: 'It's bad to build palaces on (with) sand' Lyrics: Everything that starts nice ends in pain Broken hearts know that well It is bad to build palaces in the sand The tide will make it pieces We start life with a thousand dreams They are broken by pain and jealousy It is bad to build palaces in the sand The tide will make it pieces We both bitterly cry our misfortune The lost love, our gone first joy It is bad to build palaces in the sand The tide will make it pieces Technical Analysis: Support lost and now resistance at 1.30$ Unlike yesterday the price seems unable to fight it's way back up. A test of 1.17 support should be in place. In the meantime the markets could turn Red again on raised geopolitical concerns as well as fears about the global economic slowdown. Take it easy today, we are choosing some extra shorts positions this week. One Love, the FXPROFESSOR
Short
by FX_Professor
7
Sand - Short after riseReasons to take short: ⭐️ BTC rose a lot, pullback is needed ⭐️ Slowly squeezing to the level ⭐️ Impulse is too sharp ⭐️ No power to update local high ⭐️ Volume left the coin ⭐️ Under VWAP Will enter when price squeezes to the level on 5m timeframe, the base will form and the tape will get faster. If you don't understand the previous sentence, just use swing stop-loss 3-5% Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Short
by Artem_Dishel
4