Major bearish divergence spotted on SAND, which is making all time highs but on much lesser volume compared to the previous ATH. This is not a good sign as volume often precedes price action.
Not a critical event but worth keeping a closer eye on. Do not add to position until price catches up with volume. De-risk your position if you are using futures, or at minimum keep vigilant at follow your favorite trailing stop.
Not a critical event but worth keeping a closer eye on. Do not add to position until price catches up with volume. De-risk your position if you are using futures, or at minimum keep vigilant at follow your favorite trailing stop.
Price structure also showed an obvious ABC pattern, with somewhere like 3.2 as the neckline and a clear stop loss position.
Then again, i did not say SELL, just have a careful look if you have existing position. This goes on to show that massive momentum plays need to be respectie (ADX never dipped below 30).