SAND/USDT: 60% RALLY POSSIBLE!!!Welcome folks to my new update on SAND/USDT
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SAND dropped down to the level I was expecting and this could be a good area to accumulate but only when we see a confirmation. If SAND bounces back from here then I am expecting a rally of almost 60% from the current level and we can make good money out of it. On the other hand, if SAND breaks down further instead of bouncing back then the trade will get invalidated.
Entry-level will be: $2.262 to $2.79
Stop loss: $2.465
Targets: $3.12, $3.37, $3.68, $4.09, and $4.32
Note: Enter this trade only after the confirmation. We are just a few hours away from the daily close. Let us wait and watch for the candle to close.
Until then trade safely, guys.
Thank you
Sandusdt
SANDUSDTSand has broken above the falling trendline and formed a Marubozu close candlestick pattern, which is a bullish sign. It has a bullish divergence on the daily chart as well (the divergence is a bit weak). It needs to attract some volume which, in my opinion, will increase once it closes a daily candle above 3.38. You can either enter now (a bit-risky although) or after it closes above 3.38 for the target of 4.43 and 4.82.
Time to get excited?Here's a quick Look at SAND daily chart. As we can see, the price has been forming a bigger descending triangle and a break to the upside could be around the corner! The price is very close to a bigger break to the upside. The best entry would be, when the price breaks above the 3.45$ 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!
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The idea is: Buy when the price breaks above 3.45$ and take profits at the levels shown in the chart.
Targets:
1. 3.85$
2. 4.4$
3. 5.7$
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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."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
SANDUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price has moved down to the support zone. There are two scenarios. The price can go up to the first resistance and if rejected, it will move back down and if broken, it will move up to the next resistances where you can save profit. If the support zone is broken, it will fall further.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
SANDUSDT Analysis (LOCAL VISION)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 3.9 and 4.3
Stop: under 2.8 (depending of ur risk). ALWAYS follow ur RM .
after first target reached move ur stop to breakeven
Risk/Reward: 1 to 2
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
SAND Potential Swing Long Set UpThe first and second green fib retracement lines will be the entry zones. Depending on the market in the following weeks and months, Sand could potentially come back down to retrace the 0.5 level or even the 0.618 in which new entries could be placed.
The purple fib levels will be your take profit. Take note, in the scenario in which price actions of sand goes up without hitting the purple take profits fib levels, take some profits.