Get started

Sandusdt

SAND/USDT - Potential 74% SetupHello Traders! SAND has been moving in a downtrend for a long time. The price has found support near the $2.73 level. RSI on the exit from the bearish zone, the price is approaching the breakdown of the downtrend. Counting on the exit of the asset from the long correction, it is possible to work short-term from purchases, looking for such purchases can be in the price range of $2.72 - $3.00. The targets for such purchases will be price levels of $4.00 and $4.74. Close the deal using stop-loss only in case of price decrease below the price level of $2.05 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
FTX:SANDUSDLong
by UnknownUnicorn10064030
1
Keep an eye on SAND!Here's a quick Look at SAND daily chart . As we can see, the price has been forming a bigger descending triangle and the price is at the apex of the triangle! The price is very close to a bigger break either way. The best entry would be, when the price breaks above the 3.05$ with good amount of volume . Definitely one to keep an eye on. The market might shift soon, and big gains could be coming our way! ------------------------------------------- The idea is: Buy when the price breaks above 3.05$ and take profits at the levels shown in the chart. Targets: 1. 3.4$ 2. 3.75$ 3. 4.4$ 4. 5.5$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure. 3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto