$SAND $SAND
$SAND /USDT Trade Analysis
Current Price: $0.2344
Resistance Levels:
R1: $0.2362 – recent 24-hour high; key short-term resistance.
R2: $0.2389 (MA(25)) – medium resistance level that could act as a challenge.
R3: $0.2516 – stronger resistance, an important target if the price breaks above R2.
Support Levels:
S1: $0.2321 (MA(7)) – near-term support that should maintain recent strength.
S2: $0.2239 – 24-hour low, offering a solid level of support below the current price.
Trade Strategy
Entry: $0.2330 – enter near the S1 support to optimize entry at a pullback.
Target 1: $0.2362 for an initial target if the price tests recent high resistance.
Target 2: $0.2389, near MA(25), to capture extended gains.
Stop-Loss: $0.2220, placed below S2 to manage downside risk.
This setup aims to take advantage of minor upward momentum with targets focused on short-term resistances while maintaining a conservative stop-loss below key support. Adjust stop-loss to entry if Target 1 is met for risk minimization.
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