Take profit zones are highlighted on the chart and are place in position to where the Fibonacci extension tools shows where the price should be heading.
reason for taking the trade:
-SAND is now on it corrective wave retracing healthily to the Fibonacci level of 0.786 making a great zone to buy. in addition there is a major area of support in that area
-The MACD also show a dying bearish volume and showing that there is going to be a change in the movement of the coin. The RSI also shows oversold which means that the price will shift up.
-There is also a bullish divergence present on the MACD and RSI indicator showing that a new trend will be formed.
What do you think?
SANDUSDT
reason for taking the trade:
-SAND is now on it corrective wave retracing healthily to the Fibonacci level of 0.786 making a great zone to buy. in addition there is a major area of support in that area
-The MACD also show a dying bearish volume and showing that there is going to be a change in the movement of the coin. The RSI also shows oversold which means that the price will shift up.
-There is also a bullish divergence present on the MACD and RSI indicator showing that a new trend will be formed.
What do you think?
SANDUSDT
Trade closed: target reached