SANDUSDT trade ideas
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 โ๐ฆ Time for a Rebound ๐ดโโ ๏ธโ 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 Playboyโs 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. Letโs 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
This trend can remain bearish!SAND had a weak downtrend during the past week. After breaking the support range of $0.65-0.75, its price has hit more important support in the range of $0.48-0.54. Although the encounters were associated with a positive reaction, strong rebound power was not observed. Also, we are still in the descending channel and near the midline of this channel. So, according to the dynamic midline support, if the selling pressure increases again in the market, the possibility of breaking this support and falling to the range of 0.33 to 0.39 dollars will increase.
Also, strong support in the range of $0.197-$0.160 is considered for SANDBOX, which can hit this range momentarily and react positively if the strongest selling pressure is created. A downward trend is clearly observed in the 4-hour period. Therefore, until buyers attempt to break the resistance of $0.60 and test the resistance of $0.70, this trend can remain bearish.
SAND/USDT sell short idea . Greetings from Team : Trading The Tides.
Lets discuss a short sell oportunity on (SAND)
Target area for initiating short :0.617
DCA Limits : ,0.65 , 0.67
TP : 0.565
SL : Not gonna end up with stop loss , its a risky trade use less margin and lev (2x max )
Hold Time : swing
Technical Chart Pattern: Descending triangle
Posible liquidity area : mentioned on chart
Rules :
We use big capital with less leverage .
Max leverage : 3x
Better take trades with 1x.
We only post the exact setup we are following for the trades .
But DYOR .
Not a Financial Advice !
From Team :
Trading The Tides
Like , Share ,Follow
Thanks a lot and see you soon on the next trade .
SANDBOX the last chance (bottom) and the range market ๐๐Hello ๐
Based on the chart, the price is close to the major support (bottom) or better to say the previous zone that started its amazing pump to the upside โ๏ธ
we
expect to see gain besides the range market is acceptable scenario too ๐๐ก๐
and
if the price break the rang area to the upside, we will see more gain ๐
Please, feel free to share your point of view, write it in the comments below, thanks ๐