The Sandbox (SAND) forming bullish Shark| A good buy opportunityHi friends, hope you are well and welcome to the new trade setup of The Sandbox (SAND) with US Dollar pair.
Previously I shared a long-term trade setup for SAND, which is still in play.
Now on a 4-hr time frame, SAND is completing the final leg of a bullish Shark pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
SANDUSDT trade ideas
SAND forming a Top Head and ShouldersAfter a little uptrend, we saw SAND forming the head-and-shoulders top pattern, and, which makes it good for a SHORT CALL, the Neckline crosses Support, it is a very good sign of a possible dump.
NOTE: DYOR, be cautious to place STOP LOSSes and trade your own personality.
🔥🚀BINANCE INVEST IN NFT: BRIGHT FUTURE FOR SAND AND CO.?🔥 Hi friends! NFT have a great future, Binance is investing in the industry, Binance CEO CZ⚡️ said. CZ made this statement during his AMA. This is a green light for the NFT projects such as SANDBOX.
I will publish the list of NFT altcoins ant the end, but now more details about SAND technical situation.
Now the price consolidate inside the HUGE accumulation area of $0.5-0.6 where the whales buy a lot of coins. Take a loof on volume indicator. 4 huge candle spikes! This is a bullish sign for this altcoin.
📊 THE PRECONDITIONS TO OPEN A LONG ON SANDBOX:
1. breakout and test the trendline as the support
2. huge volume to buy on SAND. I use DOM and Footrpint to see the real whales oders to buy or sell, so this will not be a huge problem
3. bullish BTC
✅ THE 3 TARGETS FOR SANDBOX:
🔥 $0.64 - key level and local high
🔥 $0.69 - important mirror level
🔥 $0.76-0.8 - value area
🚩 I make the list of NFT or related to NFT projects on Binance for you: APE , FLOW , XTZ , SAND , CHZ , THETA , AXS , MANA , CAKE , IMX , SUSHI , STEPN, GALA , TLM , BSW , DAR. Traders, take a more detailed look at these altcoins.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
SAND LONGS SET UPBullish bias on SANDUSD
- adapting to bullish fundamentals in crypto market due to the recent cpi data release and fed pivot
- bull flag market structure form on the 4hr timeframe.
- Price showing rejections at key support on the very high timeframe
Trade safe and enter upon confirmations like a break and retest of market structure
SANDUSDT.P trade idea - 4H Ichimoku levelsHere we trade SANDUSDT using 4H Ichimoku levels/zones.
What do we see?
- price made a higher high
- RSI appears to remain bullish (higher high)
It further looks like we did not yet reach our take profit area. We might therefore expect a higher push, towards zone 1.
For our entry, we identified what looks like a gap in the 4H Ichimku conversion line (Tenkan sen, bleu line). Indicated by the arrows left on the chart. We draw a zone and yes, it looks like we did find support on that level. We enter for a long position with 25% of our budget, 1x leverage. Take profit on zone 1. Stop loss below the next support level underneath our zone.
Remember: this is just an idea, NOT financial advice. Please do NOT take this trade, as it may run into a loss. Only take trades that fit YOUR plan and/or risk tolerance. Happy trading!
#SAND/USDT - Long - Potential 38.75%#SAND/USDT - Long - Potential 38.75%
Strategy: Long
Exchange: Multi-Exchange
Account: Spot
Entry mode: DCA Limit
Invest: 5%
Exit:
Target 3 : 0.8629 46.16%
Target 2 : 0.6915 17.13%
Target 1 : 0.6493 9.98%
DCA Entries
Entry 1: 0.6215 - 25%
Entry 2: 0.5938 - 25%
Entry 3: 0.5731 - 50%
Current market price: 0.621
Stop: 0.535 (-9.38%)
Technical indicators:
24h Volume: 13639844.4034
Satoshis: 0.621
Breakout with volume, BTC at resistance and 200moving average directly overhead so retrace through DCA levels possible. TP1 can be adjusted (brought down) as av. buy price falls.
Trade: SANDUSDT 05/12/2022 09:50
Account: SPOT
Volume last 24h: 13639844.40 USDT
LONG SANDUSDT?Take profit zones are highlighted on the chart and are place in position to where the Fibonacci extension tools shows where the price should be heading.
reason for taking the trade:
-SAND is now on it corrective wave retracing healthily to the Fibonacci level of 0.786 making a great zone to buy. in addition there is a major area of support in that area
-The MACD also show a dying bearish volume and showing that there is going to be a change in the movement of the coin. The RSI also shows oversold which means that the price will shift up.
-There is also a bullish divergence present on the MACD and RSI indicator showing that a new trend will be formed.
What do you think?
BINANCE:SANDUSDT
The Sandbox | Same As Polkadot (65%+ Potential Target)This is the second one of the two Altcoins, Polkadot (DOTUSDT) and The Sandbox (SANDUSDT).
The charts are very similar, almost identical.
For SANDUSDT, we do not have a bullish divergence on the RSI but the RSI is above 57, which is strong/bullish, even while a new low has been hit just days ago.
This is a strong bullish signal.
EMA21 is being challenged now as resistance while on the 30th of November SANDUSDT managed to break and stay above EMA10.
The law of alternation comes into play here when looking at the bottom pattern and the coming upwards correction.
The June/July low was V shapped, while this time it is rounded.
These signals can lead to higher prices.
The support level, light blue, can be used as the stop-loss.
The target is set above 65%.
Namaste.
SANDBOX ⌛🦜 Time for a Rebound 🏴☠️☠Time to look at Sandbox again as the price is breaking higher
0.59 is now solid support and we will remain Long (my stop loss at 0.584)
4 Main Targets to be hit:
0.788
1.006
1.435 and eventually even 1.711
NEWS:
For Playboy’s 69th birthday, the lifestyle brand, in collaboration with The Sandbox Metaverse, is releasing its first original NFT collection, The Playboy Party People. On December 2022, 1,969 NFT Avatars will launch on The Sandbox Metaverse. Let’s dive into the collection and the future utility of Playboy Party People.
Sounds like fun. Especially if Rate Hikes will be eased and we can jump back on the Metvarse fun.
One Love,
The FXPROFESSOR