SANDUSDT trade ideas
SANDUSDT | BREAKOUT LEVELDecentraland and SandBox could offer another breakout from the horizontal level.
Sandbox looks like it can offer huge spike to more than 2.5$ if it manages to close above 1.5240 level.
We have seen a clean breakout from the falling resistance previosuly on 25th june but since then price remain in the range and unable to break 1.5240$
What do you think of the idea?
SANDUSDTSANDUSDT(08.14.2022 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
SANDUSDT is testing the 4h resistance
The price is inside a descending channel on the 4h timeframe and now the price is testing the resistance.
How to approach it?
The price needs to create a clear breakout from the resistance and retest it as new support, 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.
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Follow the Shrimp 🦐
SAND broke the triangle pattern.The following content is machine translated:
In the 4-hour chart, it fell back after yesterday's false breakthrough, and today it broke through successfully and continues to be bullish.
Indicators macd and RSI indicators are bullish trends.
Summary: The breakout pattern and indicators are both in the bullish range and continue to be bullish. The short-term target is to look at the resistance near 1.5, and the breakthrough continues to look at a higher position, such as near 2.
Trading opportunity for SANDUSDT SandboxBased on technical factors there is a Long position in :
📊 SANDUSDT Sandbox
🔵 Long Now 1.3543
🧯 Stop loss 1.1120
🏹 Target 1 1.4747
🏹 Target 2 1.8686
🏹 Target 3 2.4343
💸Capital : 1%
We hope it is profitable for you ❤️
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SANDUSDT |Today's Review|Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
The last deal worked as planned, now you can roll over to long
My plan for a trade entry from the local trend line $1.2791
Stop-loss, as always, hid behind the trend line $ 1.2345
Take profit will be removed according to the situation, approximately $ 1.43
Profit to all, do not forget about your risk management!
SAND - Trade setupHey Guys,
Update on Market
No one knows what's going to happen. Trading is all about being able to read between the numbers, it's an art which empowers us to be able to make decision upon understanding the market. This world works on patterns, everything you come across will have a pattern, they say world is full of randomness, yes it is until we actually figure it out, the one who make good decisions are the one's who observe first. Try to understand what's going on in the market and take action accordingly.
Today Trade Setup
Falling wedge pattern, Sand had been trading in this pattern from past 5 days, In technical study of the market falling wedge concludes only one thing - "The trend is weak" therefore it's been moving with the decreasing volume or relatively low volume which results in trend reversal soon. Now we are at that phase where upward breakout is likely in favour, until and unless any external factor effects the market sentiment. So this is my trade setup for SAND against USDT, once i got breakout confirmation I'll dive into the market. Plan your trade accordingly.
Disclaimer : Make note that anything provided here is not a financial advice, trade accordingly.
SAND/USDTCurrently, SAND is possibly at the stage of distribution where I am expecting when the 4H candles closed below the NPOC which is the green line, which confluence with the trend line support, once two of them are breached by the price action, I am expecting a mean reversion to the down side for them. The risk:reward over here is pretty decent and a lot of unsweep lows at the bottom. Peace
SANDBOX- Updated ChartMy updated SANDBOX Chart shows support at 1,31
Most likely i forsee a rise to 1.36 or even 1.43 targets.
Major News:
Sandbox voxel game and game engine Minetest 5.6.0 is out now
Version 5.6.0 brings with it:
More work on their rendering engine
Dynamic shadows
Fixed Transparency Sorting
Better mod support
Improved login/register UI
Improvements to the Scripting API
Minetest has been gaining some traction lately too, with more people taking notice like popular YouTuber AntVenom who did a video highlighting it that's worth a look
One Love,
The FXPROFESSOR
🎲 #SANDPERP #LONG #SCALP #IDEA 🎲🎲 #SANDPERP #LONG #SCALP #IDEA 🎲
Risk
- High
Entry Conditions:
- Bounced off 20 & 50 DEMA
- Filled Weekly Pivot and bounceing
- RSI and Wave going oversold
- RSI Bull DIvergence in play
News Source:
- n/a
Entry: $1.3159
Take Profit 1: $1.3430
Take Profit 2: $1.3811
Stop-Loss: $1.3811