BINANCE: SAND/USDT
SAND is being compressed in a triangular wave pattern.
If there is a break down of the lower edge of the triangle, I think the price will find the lower zones.
I am inclined to the bearish scenario for the moment.
The range of 0.0462 - 0.048 would be the price zone where I look for entry short.
The stop loss will be around 0.0513
Take profit:...
Sand/usdt
Strong support area between
0.037500$-0.040300$
If the bulls can save these area from daily close below
We can see nice pumps to next resistances in chart
If it breaks up, the targets are in the chart, if not, place your stoploss.
Play safe, and remember to check BTCUSDT and BTC .D before book your positions.
** Not financial advisor, only playing around and learning.
💎Technical Analysis Summary💎
BINANCE: SANDUSDT
-SAND broke the local resistance area with good volume
-It is now trying to move above the upper channel where Bulls have a slight edge
-If you will look at the bigger picture, SAND still within a large channel
-So be careful, things can go around within minutes
-If I'll be looking to enter for a Long position
-A...
