SANDUSDT trade ideas
#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
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.