SANDUSDT is testing the resistanceThe price had a breakout from the dynamic support after a retest of the weekly resistance and daily resistance on the 1.4-1.5$ area.The price comes back on the monthly support area on 0.88$ where the previous impulse started
How to approach it?
IF the price is going to have a breakout from the daily resistance (1$) and retest it as new support, 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.
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Follow the Shrimp 🦐
SANDUSDT trade ideas
SANDUSDT LEVELS TO WATCH CURRENTLY.SANDUSDT LEVELS TO WATCH CURRENTLY.
After a nice recovery last month, since sand broke below this blue trendline and confirmed it as a resistance. It has retraced around 35% & now holding support of 0.89 cents.
The nearest resistance is around 1.02 area.
green horizontal lines - Support
red horizontal lines - resistance.
SAND- Lets All Play In The SandboxAnalysis:
- Support & Resistance
- Trend Line
- Supply & Demand
- Fibonacci Retracement
- Order Block Flow
T1: Target 1
T2: Target 2
B: Bottom / End of Correction / Beginning of Bull Run
S: Support
:) Breakout / Bull Run
Opinion:
The correction for Sandbox is over and price will rise the next few weeks/months
Sandbox - Long playWhat I want for a long on Sand - especially given the relative strength were seeing now in the market today.
A retest of demand (grey box) where we broke previous MS and have triggered a micro trend reversal for now would be my entry. This grey box lines up with the break of MS and also the 618 fib level of the recent move off the local bottom (the sweet spot).
Then want to see a strong reaction to punch above resistance from prior bearish consolidation and back INTO the range. If we don't get a strong reaction I will start to debate if this momentum is real or not (what we're seeing on other coins atm).
Tight SL would be set below the low or just below where we broke the market structure.
Or we punch sooner and I don't get filled, have to keep this in mind as well.
V
SANDUSDTSANDUSDT(09.10.2022 UPDATED)
Wait until price touches the trend lines then look for signal bar and key bar /Breakout and pullback to recognize direction of price movement.
Money Management must be obeyed.
Open position without setting the proper stop loss (1% or 2% of total balance ) soon or late will cause to lose all your money ( call margin )
Majority of trades is done via computer trading (forex / cryptocurrency)
priority in analyzing charts:
1- Price Action
2- Market structure
3- Chart patterns
4- Candlestick patterns
5-Divergence
6-Indicators
SETUP IN TRADING RANGE: BLSH
BLSH:BUY LOW SELL HIGH
SAND/USDT Another breakout?Hey guys!!!
Let's talk about another coin at this "Messy" state of the market. SAND has been doing very good with breaking out from resistance zones which are $0.94
and $0.97. For now it is going for another one near $1 zone and securing this zone would mean bullish run towards $1.08.
Coin looks interesting if we would look only at chart but trading at current state of market is risky so know the risks and stay safe!
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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.
SAND potential to increase +300%#SAND/USDT
$SAND broke out from falling wedge pattern, and have a sideways move between support zone around $0.76 and resistance zone around $1.5.
now price is at support zone which is the same with long-term ascending trend line.
🐮 holding this zone as support will increase price to resistance zone which is the same with descending trend line and breaking out this zone will increase price toward +$3.
👌🏻 so current price has a great R/R to enter.
🐻 break down from support zone will drop price to descending trend line and I think it will take time to survive from this drowning.
#SAND/USDT - Long - Potential 42.38%"Singapore-based bank DBS partners with The Sandbox to create a #metaverse experience."
SAND also in a descending broadening wedge meaning we should be seeing a reversal, this news could trigger the breakout.
#SAND/USDT - Long - Potential 42.38%
Exchanges: Huobi.pro, KuCoin, Bittrex, Binance
Signal Type: Regular (Long)
Entry Targets:
1) 0.973000 - 100.0%
Optional Additional Entries / DCA Points;
2) 0.9509
3) 0.9187
Take-Profit Targets:
1) 1.0031 - 33.334%
2) 1.225 - 33.333%
3) 1.3877 - 33.333%
Stop Targets:
1) 0.844400 - 100.0%
Trailing Configuration:
Take-Profit: Percentage (1.0%)
Stop: Breakeven -
Trigger: Target (1)
SANDUSDT - Descending Broadening Wedge Pattern!SANDUSDT (4h Chart) Technical analysis
SANDUSDT (4h Chart) Currently trading at $0.947
Buy level: Buy after Breakout
Stop loss: Below $0.844
Target 1: $0.985
Target 2: $1
Target 3: $1.2
Target 4: $1.4
Max Leverage 3x
Always keep Stop loss
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SANDUSDT DEEP CRABCrab
The Crab Pattern is a volatile 5-point extension structure that was discovered by Scott Carney in 2000. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies between 0.382 and 0.618 and the PRZ consists of 3 converging harmonic levels: 1) 1.618 extension of the primary XA leg, 2) AB=CD pattern, either equivalent, 1.27 or 1.618 and 3) Extreme BC projection of 2.24, 2.618, 3.14 or 3.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. Common stop levels lie behind the next structure level after the D point or the 2.0 extension of XA. Conservative traders may look for additional confirmation. These patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool to visually identify 5-point reversal structures on a chart.
SANDBOX- Updated LevelsSandbox is a project we like to Buy but always in good time and the timing ain't good at this stage.
Here is the charts with my 3 entry levels I'm looking at next.
0.59 is a strong support as much as 1.43 ended up being a strong rejection/resistance.
Patience Snoop and remember: smoking weed kills your brain cells, pass more than you puff.
One Love but no puff here yet,
the FXPROFESSOR
SANDUSDT ANALYSIS#SANDUSDT Update
SAND is forming a small downtrend channel on the 4h chart, The resistance is $0.96-$1.00 and a break above $1.00 will start a new rally. The local support is $0.90 area and the next support is $0.80-$0.82 area. Wait for a break of the downtrend channel for new trades.
SAND, stabilized and rebounded.The following are machine translations:
On the daily chart, it stabilized and rebounded after being supported near 0.91.
The indicator macd is about to cross the golden cross, the RSI indicator turns its head up near the oversold, and the indicator rebounds.
Summary: The pattern stabilizes and rebounds, and the indicator golden fork is trending upwards to see a rebound. The target is near 1.07, and it falls below the 0.9 stop loss.