SANDUSDT trade ideas
Bitcoin dominance. How does it affect the cryptocurrency market?#BTC #altcoins #dominance #education
▪️Bitcoin dominance index - is an indicator that indicates the ratio of bitcoin capitalization to the capitalization of the entire cryptocurrency market.
▪️How does btc dominance affect the market? - When the dominance of bitcoin falls, altcoins begin to rise - this is called the alt season!
▪️Now the dominance is at its minimum values, which means that it will soon begin to grow! Altcoins will be weak during this period of time. Bitcoin may reach $30,000 and go for a correction. So far, these are my thoughts for the near future!
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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.
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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: $1.3811
SANDUSDT wants the breakout?The price is inside a descending channel on the 4h timeframe after the market bounced on the dynamic support on the daily one.
Not the price is testing an important resistance on the 1.4$ area.
How to approach it?
IF the price is going to have a breakout from the resistance 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 🦐
SAND, about to go out of the triangle area.The following content is machine translation:
The 1-hour chart is currently running in the triangle area, and the shock is narrowed, and it is about to break through the triangle area to choose a direction.
The indicator macd is currently in a bullish trend, the energy column diverges. The RSI indicator is holding steady above the neutral 50, operating within a bullish range.
Summary: Combining the current indicators and patterns, it is possible to break above and below. The triangle area is bullish and the short-term target is near 1.5. Under the short-term bearish, the target is around 1.25.
Fake Breakout 1.You can diagnosis fake break outs with RSI divergence 2.One of good setups is wedge setup. Don't forget you can open position on third touch to trend line when you have divergence in RSI 3.Trend is your friend until it don't finish but here I didn't open position because I didn't have good r\r
SANDUSDT Breakout could be very profitableHey Traders, Hope your'e well. Sand has spent several months in an accumulation range. Within the range we have seen a deviation through support and back above. We have confluence with trendline support below price action supporting the move. It still needs to break out above the sloping trendline. Im watching it on the daily and H4 charts. Dont jump in to trade too early and make sure you use good trade management. gl
SAND - Buying signalBYBIT:SANDUSDT
4 Hours chart
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SAND is consolidating with lower highs and higher lows in a triangle.
Currently it is approaching to the downtrend again, we can open partial position at 1.315, 1.245 or wait for breakout.
If it can take out the downtrend line and close above it, targets as below.
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Targets:
1) 1.4313
2) 1.5136
3) 1.5468
Stop:
1) Breakout uptrend
✅TS ❕ SANDUSD: resistance✅✅SAND has reached the resistance level. The price was already falling below the level. I'm expecting a bounce down.✅
🚀 SELL scenario: short to 1.1482.🚀
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Remember, there is no place for luck in trading - only strategy!
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