💎 SAND has indeed caught the market's attention with its remarkable ascent. It is currently facing a challenge in breaking through the supply area at $0.4, and there are clear signs of bearish rejection in this area.
💎 If it fails to break through this resistance in the near future, there's a possibility that SAND could decline and retest the demand area around $0.339 to gather new momentum. However, if SAND successfully breaks the supply area, it opens the door for further upward movement and the probability to reach our target in the supply area.
💎 In the bad scenario, if SAND retraces to the demand area at $0.339 and doesn't show signs of a bounce, it suggests a potential breakdown of the demand level. If this occurs, it indicates a bearish momentum, and there's a possibility that SAND may continue its descent, possibly returning to the strong support area.
Trade closed: target reached
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Bingo! #SAND is dancing to our tune, up 39.29% just like we predicted.