Hello Traders!
After the rapid growth SAND went to the correction.
The price is near the upper range of the buyers' interest zone $4.00 - $4.74. A "descending wedge" trend continuation pattern is forming on the chart. MA100 on the daily timeframe is near the level of $4.00
It is possible to look for purchases in the range of $4.00 - $4.40, relying on the repeated decrease of the instrument to the level of $4.00.
It is worth closing the position using a stop-loss if the price goes under $2.78
The targets will be the following price levels
$6,42
$7,52
$7,94
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
After the rapid growth SAND went to the correction.
The price is near the upper range of the buyers' interest zone $4.00 - $4.74. A "descending wedge" trend continuation pattern is forming on the chart. MA100 on the daily timeframe is near the level of $4.00
It is possible to look for purchases in the range of $4.00 - $4.40, relying on the repeated decrease of the instrument to the level of $4.00.
It is worth closing the position using a stop-loss if the price goes under $2.78
The targets will be the following price levels
$6,42
$7,52
$7,94
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice