SANDUSDT is currently exhibiting a strong bullish pattern, marked by higher highs (HH) and higher lows (HL). In addition, there's a Bullish RSI divergence on the 4-hour timeframe, which further supports the bullish sentiment.
To capitalize on this potential, I've decided to go long on SANDUSDT at the current market price (CMP) of 0.2960. For risk management, I've set the stop loss (SL) at 0.2750. My initial target is a 1:1 risk-reward ratio. Join me in this trade as we aim to capture the bullish momentum!
It's important to bear in mind that while this analysis supports a bullish scenario, the cryptocurrency market can be highly volatile. Therefore, conducting thorough research and staying updated on market developments remains crucial before making any investment decisions.
To capitalize on this potential, I've decided to go long on SANDUSDT at the current market price (CMP) of 0.2960. For risk management, I've set the stop loss (SL) at 0.2750. My initial target is a 1:1 risk-reward ratio. Join me in this trade as we aim to capture the bullish momentum!
It's important to bear in mind that while this analysis supports a bullish scenario, the cryptocurrency market can be highly volatile. Therefore, conducting thorough research and staying updated on market developments remains crucial before making any investment decisions.
Trade closed: target reached