💎 SAND is currently in the spotlight within the market, achieving a breakout from a bullish flag pattern. It is now approaching a local resistance point at $0.425. Should SAND successfully break through this resistance, it could pave the way for a continued ascent towards a stronger resistance area.
💎 However, if SAND struggles to surpass this resistance, it may face a downturn, leading to a retesting phase at the demand zone between $0.4 and $0.41.
💎 In this demand area, it's crucial for SAND to exhibit a strong bounce. Failure to do so could result in the loss of this zone. If such a scenario unfolds, SAND could then be heading towards a test at the support level around $0.357.
💎 A particularly concerning situation would arise if SAND also breaks down from this support level, which could lead to a continued downward trajectory towards a more substantial demand area.
Trade closed: target reached
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Nailed it again - #SAND is up 48.31%, right on cue!