I think that
SANDUSDT
is potentially a good investment in case $BTC remains bullish scenario before huge correction.
- 1D RSI shows hidden bullish divergence
- We retraced about 40% from ATH price and I suppose at least one bounce back to those levels is possible, but I don't think that we'll make new ATH
- The price strongly stays in the middle of the pitchfork which at least suggests the continuous uptrend movement
But since we are forming a rising wedge in the 1h timeframe, my thoughts are that we are going to drop down to the trendline and penetrate it to collect Stop-Losses. So in case we don't fixate under the trendline, the uptrend movement is highly likely. In that case the perfect entrance point is around 0.64-0.69$.
Possible targets:
0.75 -> 0.88 -> 0.92 -> 0.95 -> 1.2
Stop-loss: 0.6-0.605
It is not a financial advice. Do your own research. These are just my personal opinions.
Good luck.
SANDUSDT
is potentially a good investment in case $BTC remains bullish scenario before huge correction. - 1D RSI shows hidden bullish divergence
- We retraced about 40% from ATH price and I suppose at least one bounce back to those levels is possible, but I don't think that we'll make new ATH
- The price strongly stays in the middle of the pitchfork which at least suggests the continuous uptrend movement
But since we are forming a rising wedge in the 1h timeframe, my thoughts are that we are going to drop down to the trendline and penetrate it to collect Stop-Losses. So in case we don't fixate under the trendline, the uptrend movement is highly likely. In that case the perfect entrance point is around 0.64-0.69$.
Possible targets:
0.75 -> 0.88 -> 0.92 -> 0.95 -> 1.2
Stop-loss: 0.6-0.605
It is not a financial advice. Do your own research. These are just my personal opinions.
Good luck.