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UnknownUnicorn10064030
Jan 17, 2022 9:13 AM

SAND/USDT - Potential 96% Setup Long

SAND / USDFTX

Description

Hello Traders!

After the rapid growth SAND went to the correction.

The price is near the upper range of the buyers' interest zone $4.00 - $4.74. A "descending wedge" trend continuation pattern is forming on the chart. MA100 on the daily timeframe is near the level of $4.00

It is possible to look for purchases in the range of $4.00 - $4.40, relying on the repeated decrease of the instrument to the level of $4.00.

It is worth closing the position using a stop-loss if the price goes under $2.78

The targets will be the following price levels
$6,42
$7,52
$7,94

Good luck and watch out for the market

P.S. This is an educational analysis that shall not be considered financial advice
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