SAND is being compressed in a triangular wave pattern.
If there is a break down of the lower edge of the triangle, I think the price will find the lower zones.
I am inclined to the bearish scenario for the moment.
The range of 0.0462 - 0.048 would be the price zone where I look for entry short.
The stop loss will be around 0.0513
If it breaks up, the targets are in the chart, if not, place your stoploss.
Play safe, and remember to check BTCUSDT and BTC .D before book your positions.
** Not financial advisor, only playing around and learning.
💎Technical Analysis Summary💎
-SAND broke the local resistance area with good volume
-It is now trying to move above the upper channel where Bulls have a slight edge
-If you will look at the bigger picture, SAND still within a large channel
-So be careful, things can go around within minutes
-If I'll be looking to enter for a Long position
SANDUSDT - LONG - POTENTIAL 18.50%
Entry - 48990
TP1 - 52821
Please comment with thoughts and how you get on.
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Good luck out there & Your investments are your responsibility.