SANDUSDT: Weekly Update and Trading Triggers✨Welcome to my channel. Here, we conduct a daily analysis of crypto projects and forex pairs.
📅Let's dive into today's analysis, focusing on the crypto market and the SAND project.
📅 Weekly Timeframe Analysis
On the weekly timeframe, SAND is ranging within a broader horizontal zone. The current levels show the price struggling around significant support and resistance levels.
Support Zone: 0.2818
Resistance: 0.7864
RSI: 39.81 (Neutral to slightly bearish)
📆 Daily Timeframe Analysis
In the daily timeframe, the price action shows a more detailed structure within the weekly range.
Current Candle: Showing strength after a period of weakness
Resistance Levels: 0.4046, 0.4782
Support Levels: 0.3410, 0.2818
RSI: 47.44 (Neutral)
⏰ 4-Hour Timeframe Analysis
In the 4-hour timeframe, we see more granular details of the recent price movements.
Consolidation Range: 0.3436 - 0.2818
Bullish Scenario: Break above 0.3436 with strong volume
Bearish Scenario: Break below 0.2818
📈 Long Position Trigger
Consider entering a long position after a confirmed break and close above 0.3436 on the 4-hour timeframe.
📉 Short Position Trigger
Consider entering a short position after a break and close below 0.2818 on the 4-hour timeframe.
🔑 Key Support and Resistance Levels
Supports: 0.3410, 0.2818, 0.2433
Resistances: 0.3436, 0.4046, 0.4782, 0.7864
🌟 Weekly Settlement
Since tomorrow is the last day of the week and a settlement day, I recommend securing your profits and opening positions with less risk. Have a great weekend!
⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
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