SandThese are his resistances for a month ago, when we said he would reach them, and they have just reached them
Now we have a green box in 5 minutes as support and one hour time for those lines
For ease of work, we drew a channel in 15 minutes, which will probably go to the midline of the channel, and then we will see if it goes to attack the roof again or not.
SANDUSDT trade ideas
SAND (Y23.P1.E1).The big picture and short term plans\setupsHi Traders,
If your familiar with the Stan Weinstein approach or just know the significance of the 200 daily ema. well we are close to it and its likely a good reversal position and likely a micro wave 5 position.
The push back might be a little or also I will be looking for a shorting structure in the smaller time to enter.
All the best,
S.SAri
SANDUSDT Potential Reversal Waiting for a Reversal in SAND/USDT chart. Here is why,
There are both fundamental and technical reasons.
Fundamental reasons,
12.4% of tokens were unlocked on 14 FebruaryFrom my point of view, this is the main reason. normally Anyone can tell there can be a 10-13% price devaluation at that time. But I'm hoping there can be more than price drop. 🔎 (Token Unlock - Google it )
* Another thing is that I have difficulty identifying the bitcoin movement. That’s why I marked two accumulating periods.
Technical reasons.
We can see two resistance areas on the chart. The chart has failed to break these levels only a few times.Keep an eye on these resistance areas .If there is more than >300M volume. The resistance can break easily. Personally, I would not enter into any trades at that time. Because my whole structure was wrong.
In cases where there was low volume and a high RSI value + a down tread. I consider entering a short position. Thanks . #NFA #DYOR
Buyers' support allowed the price to continue movingSAND continued its strong uptrend over the past week, and buyers' support allowed the price to continue moving without a pullback after breaking through the $0.56-$0.59 resistance range. This 102% growth, which started from the floor area of $0.38, stopped at $0.75. A weekly resistance was considered in the $0.65-$0.74 area, which was broken in the past due to heavy selling pressure.
In the past few days, the price hitting this range has been accompanied by reactions, and in the 4-hour timeframe, we see the formation of a complete range area. More likely, the price can break the bottom of the range channel and enter a deeper corrective wave. The supports that can again create signs of positive reaction, and are considered the range of demand, are at the prices of $0.6423 and the range of $0.5600. But if the current resistance is broken, the next target for buyers after the pullback will be in the range of $1.0742 resistance.
SANDUSDT time to retrace?SAND had a huge breakout as I mentioned in my previous idea () where the price printed a clear 66% after breakout and after satisfying our Plancton's Rules.
Not the price is over extended and it's testing the 1.618 Fibonacci level exactly on the supply zone.
We can see how the price formed a clear falling wedge exactly on the weekly support on 0.38$ area and after the false breakout, the market started with the bullish movement.
What's next?
The price could have a retracement until the 0.618 Fibonacci level (the 0.6$ area) if the price is going to lose the current support (0.7$) area, so According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
🔥 SAND 15-Month Downtrend Broken!Ever since SAND topped out in November 2021, the token has been selling off very hard, losing over 95% of its value in the process.
However, SAND seemingly has broken out of the perpetual downtrend during Bitcoin's rally of last week.
The move was violent, so we will likely retest the resistance as support. Overall, I'm still looking for a long position.
Targets in blue.
SAND CANGO UPPER AGAINHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the SAND symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SANDUSDT Analysis (potential Inverse H&S)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower(i bought by 0.63 and place buy limit order at 0.52)
Target: 0.9 - 1.2 and ~1.4
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward:
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
Sand Next Buy Area in dailyas you can see sand is in a downtrend channel and it can go more.
actually, we are in the demand zone now but I think we will touch lower support its better to wait more.
best buy zones are mentioned in the chart and my preferred option is buying in lower support. I am sure it can support perfect from our demand zones,
around 0.60 is good for the midterm, but the perfect buy zone will be around 0.36 - 0.40 if the price reaches here
I will share the best opportunity when it happens
always i am trying to make the chart so simple for you. hope to be useful
SAND continued its price growth last weekSAND continued its price growth last week. The support of the buyers caused the breaking of an important resistance in the range of $0.47-0.48. The increase in the price of the sandbox continued to the resistance range of 0.56 to 0.59 dollars. The bullish wave was corrected by hitting this resistance. The first hit of the $0.50 support area has given a positive reaction. But this quick return has increased the possibility of the price entering the range trend. Therefore, we expect to see a short-term range trend between the current resistance and support of this currency. Another support is considered in the range of $0.47-0.48, which, if the first high does not react positively and is broken, the price decline can continue to this level. According to the upward trend line, we can expect a stronger reaction from this range.
The Sandbox SANDUSDT price has a chance to form "Inverted H & S"It is very likely that the SAND token price of the once quite popular The Sandbox project is now close to the low of this protracted downtrend.
Looking at the global chart of SANDUSDT, it is safe to say that the price range of $0.38 - $0.45 is a tasty zone for placing buy orders with a grid. Of course, if you believe in this project and see future prospects in it and in the gaming crypto world in general.
The first target for the possible growth of the SANDUSD price is $1-1.20 (x3-x4 growth)
In the longer term, if and when the crypto market comes to life, we can think about the SAND price in the range of $2.50-3.50.
It is in this liquidity zone that the target of the probable "Inverted Head and Shoulders" pattern falls.
More precisely, the final growth target can be calculated when the formation of this pattern is finally confirmed.
Then we will update the idea of SANDUSDT with more specific targets for the final growth.
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SAND/USDT might be book for shortHey traders
Next one we would like to take a look at SAND/USDT pair. After bullish and impulsive movement we got rejected at that resistance levels which is good for short position holders. From here we see a good possibility to go for that lower line which is near ema100 zone.
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Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.