Here’s an analysis SAND/USDT 15-minute chart
Observations:
Price Action:
The price surged to a high of 0.8680 before facing resistance and retracing to 0.7686.
Current price is trading below the 7 MA (0.7879) and the 25 MA (0.7814), signaling short-term bearish momentum.
Long-term support is visible near the 99 MA (0.6537).
MACD:
The MACD histogram shows diminishing bullish momentum.
The signal line (pink) is above the MACD line (yellow), which indicates potential for further downside unless momentum reverses.
Volume:
Volume has reduced, suggesting fading interest or potential consolidation before the next move.
Key Levels:
Resistance: 0.7879, 0.8680.
Support: 0.7500, 0.7000, and 0.6537.
Strategy Suggestions:
Long Position:
Entry: Around 0.7500 (closer to short-term support) or after a confirmed break above 0.7879 (7 MA).
Take Profit:
Primary: 0.8000.
Extended: 0.8680.
Stop Loss: 0.7350 (below recent support levels).
Trade Duration: 1–3 hours for scalping or intraday.
Short Position:
Entry: Near 0.7800–0.7850 (retest of resistance) or if the price breaks below 0.7500.
Take Profit:
Primary: 0.7200.
Extended: 0.7000.
Stop Loss: 0.8000.
Trade Duration: 1–3 hours or until support retests.
Contingency Plans:
Plan A (Price continues as expected):
Stick to the set TP and SL levels. Avoid altering the plan mid-trade.
Plan B (Price consolidates):
If SAND consolidates without clear direction, tighten your SL to preserve capital and wait for a breakout.
Plan C (Signals reverse):
Exit manually if the price breaches SL levels and indicators (e.g., MACD or 7 MA) flip direction against your trade.
Plan D (Trend flips strongly):
Reverse the trade. For example:
Long instead of short if the price breaks above 0.8000.
Short instead of long if the price breaks below 0.7400.