SAND has been trading below this bearish resistance line for well over 1.5 years. With the market going up in general, is it finally time for this token to break out?
I'm waiting for SAND to close a daily candle above 0.47, stop below the most recent swing low, target at 1.48. This way we can construct a very decent swing trade with a risk-reward of ~12.5.
Time will tell if SAND will show us long-term strength like last cycle. For now, we're keeping our long-term target relatively close.
Nice catch )) Now we need to wait for full closure of breakout from here
MyCryptoParadise_Nathan
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your approach to trading SAND is grounded in technical analysis, with a keen eye on broader market trends and a prudent risk management strategy. It’s a strategy that balances potential high returns with a structured approach to managing potential losses, suitable for the often unpredictable swings of the cryptocurrency market.