Sandusdt
🔔SAND/USDT Long opportunitySAND is trying to break out, volume isn't convincing but still there is a lot of potential upward movement to be made. If we manage to break out and re-test in order to make confirmation then it shall fly or it can fly without retest. There is a GC on 1hr timeframe on MACD which allso suggest upward movement, RSI is in bullish zone.
Always manage your risk well. Don't risk more than you can afford to lose.
It is not a financial advice, I'm just sharing my personal view.
SANDUSDTWe are in the daily timeframe. As you can see, the price has hit our support line several times,one, two, three, four times and now is moving up. There is a resistance line which the price has hit several times and has not been able to move past it. As you can see we have a price congestion here where if the price hits, it can be supported and move up. But if the price breaks this support line and move down, our falling scenario will be confirmed. It will make a pullback and then fall. We need to wait and see if it can break this support line which will then turn into a resistance line. This is a little far-fetched. If the price is supported at this line overhear and go up, it can see our numbers.
SAND throwback in progressSAND looking to retest the descending wedge top and bounce back up to top of wedge. Would like to see a 5.73 to signal the start of the move up.
Target potential to the top is 43%. First resistance should be at 6.02 which would be a 9% move from here.
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Top 10 trading tips:
1. DO NOT FOMO into PUMPs.
2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Use multiple indicators to confirm your TA on price action.
10. Only trade what you are willing to lose. It will be hard to trade without emotions.
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
SAND Short 200 DEMA denial I am calling a short term short on SAND based on the recent 200 DEMA denial coming on strong volume on my one hour chart. As pointed out in my chart this is the second strong denial of the 200 DEMA in the last handful of days.
SAND just does not simply look ready for a breakout, I believe it will continue to trade in this current channel until the fear/greed index starts moving out of "extreme fear" and towards neutral/greedy.
SAND RETRACEMENT IS COMPLETE$Sand pulled a solid 10X reaching the $8 mark. it has however retraced to wipe out the late buyers and margin traders . The retracement to 4.1-4.7 range bouncing off the green trendline is good for the market as it shows the uptrend market is still active. Now we can rebuy our bags for the next leg up
Buy $4.5 - $5.1 range is good to buy
Take profit at $6.5
Goodluck
SAND ShortTook a short here after getting burned with a long a few hours prior to this on the same pair.
Again it went quickly against me but I had noticed a resistance level forming and placed my order above it as a stop loss, luckily it had took a hard right turn and shot down, creating some nice profit
SAND can Reach 9.7$Hi every one
SAND/USDT
SAND has done a Massive Bullish Movement Recently But It seems There is Room For Bulls For another Bullish Wave! as you can See The Price has been Increasing Beautifully according To Elliot Waves Principle! The First 3rd Impulse waves Has Been Completed,The Price is In The 4th Impulse wave Right now which is a Correction wave! after The 4th wave is completed which is Expected to happen in a Few days, The 5th wave Will be Started & the Bullish Wave can Increase Up to 9.3 or 9.7$. Not Only The Elliot Waves Suggest This, But There is also a Bullish Flag on The chart which Suggest The Same Price Prediction! The Price was In a Bullish Pennant Not Long Ago & It worked Perfectly So There is a High chance That The Same Thing Happen Here with This Flag! There is also a Hidden Bullish Divergence (+HD) On MACD as well! all Evidences Suggest a Bullish Movement For Sand ! The 5th Wave and The Bullish Break out can Happen Soon and We shall See SAND reach 9.7$!
Summery:
-SAND's Elliot Impulse waves Suggest a 9.7$ Target
-Bullish Flag also Suggest The Same Target
-(+HD) On MACD
🔴This is only an idea and not a financial advise ( NFA )🔴
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
Sand is weak, a huge chance of going downSand recently was pumped a lot, which means it needs a good healthy correction.
On the daily it's about to start correction, which shows with a huge volume at high.
The main targets are shown at the chart, Sand could bounce from each of them, creating correction.
I expect it to go at least -60% from this point.
However best entry is at squeezing down the trendline.