SAND dropping down to below $0.88A clear Descending Triangle Pattern had shown up and breakout clearly.
Stop loss 2.88
Entry 2.51
Take profit $0.88
Risk Reward Ratio 4.74
We are in a bear cycle in both Crypto and Equity market, I'm going to stick to the plan and see if we can reach the target.
#NOT FINANCIAL ADVICE#
SANDUSD
SAND/USDT - LONG----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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⚡️⚡️ SAND/USDT ⚡️⚡️
Exchange: ByBit USDT
Trade Type: Breakout (Long)
Leverage: Cross (3.0X)
Entry Orders:
1) 0.8519 - 100.0%
Take-Profit Orders:
1) 0.8792 - 60.0%
2) 0.9017 - 30.0%
3) 0.9353 - 10.0%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (1)
SANDUSD ❕ triangleTrading volumes don't show sellers' interest in further price decrease.
SAND continues to move above the liquidity zone.
RSI continues to move in the Buy zone (4H TF) and at 30m Timeframe the RSI chart is testing the support level.
Price is testing 50EMA as support (1H TF)
I think the asset may bounce after it fixes above the downtrend line.
SANDUSDT - Descending Broadening wedge pattern!SANDUSDT (1D Chart) Technical analysis
SANDUSDT (1D Chart) Currently trading at $0.893
Buy level: Above $0.88
Stop loss: Below $0.65
TP1:$1
TP2: $1.4
TP3: $2
TP4: $2.5
Max Leverage 2x
Always keep Stop loss
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Sandbox SAND Bear Market RallyFriday the S&P hit a new 52 week low, being oversold right now.
I expect a bounce in the stock market next week, which will determine a bear market rally in the crypto space too!
Hedera HBAR is one of the cryptocurrencies that have a lot of potential for a bull run.
SAND/USDT
Entry Range: $0.80 - 0.85
Take Profit 1: $1.10
Take Profit 2: $1.40
Take Profit 3: $2.30
Stop Loss: $0.70
SAND/USDT Elliott Wave count 45min TFSAND may move to the upside with a Head and Shoulders pattern.
Wait for a clear breakout at 0.8984 to entry long with take profit at next resistance if this upisde move is a corrective pattern WXY.
It also may move more to the upside if this is an 12 12.
Good luck!
SANDUSDT - Descending Broadening Wedge Pattern!SANDUSDT (4h Chart) Technical analysis
SANDUSDT (4h Chart) Currently trading at $0.947
Buy level: Buy after Breakout
Stop loss: Below $0.844
Target 1: $0.985
Target 2: $1
Target 3: $1.2
Target 4: $1.4
Max Leverage 3x
Always keep Stop loss
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SANDUSDT | BREAKOUT LEVELDecentraland and SandBox could offer another breakout from the horizontal level.
Sandbox looks like it can offer huge spike to more than 2.5$ if it manages to close above 1.5240 level.
We have seen a clean breakout from the falling resistance previosuly on 25th june but since then price remain in the range and unable to break 1.5240$
What do you think of the idea?