Very simple ... Very clear
The next bearish wave has begun. Everything is marked on the chart.
This is my personal opinion. Please do not trade based on my analysis and data.
Scalping on "BlackRock Reverse engineering"
High Volume Node : Red
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Going so far then I'm going so far.. ⏱
SAND Short Setup
Sell Momentum
Please noted this setup is HIGH RISK because its already hit fibo 1,68 (Take profit of sell momentum area)
Entry:
Sell market high risk
Sell limit 4.2082 - 4.3809
Target:
TP1 4.0355
TP2 3.7561
TP3 3.3040
Stoploss:
You decide
Always do your own research!
Sand is now in its overbuy mood & as far as I know, if you want your account turn into RED,Enter now !
Do not buy #SAND at this time,
It needs time to do correction for giving lower prices,
I'll let you guys know when that time arrived .
Stay Tuned.
RSI started ticking down on the 30 tf.
We already have a bearish divergence on both the MACD histogram and RSI.
The 5th wave should end in the vecinity of 5.6 USD.
A correction is needed, and will follow.
Expecting a retest to the 0.618. Nice chance for a short scalp. After that it could continue it's upwards march so don't overstay your welcome in the short.
SAND 12H support is at ~$1.68
Enter 50% here
and try to set some buy orders near the support zone
If SAND holds above the trendline,
the Take-Profit target would be $1.85, $2.01, and $2.52
Cheers
The market is bearish and SAND is 30% up. I am expecting a 10% to 20% drop from the current price.
Enter between $0.795 to $0.814
SL: $0.885
Targets:
10%, 15%, and 20%.
Accumulate and if the SL gets hit look for an opportunity to re-enter the trade.
Note: This ain't financial advice. I have done my own research and trading at my own risk. So, do your own...
