SAND

1. The low points of two consecutive daily bearish candles are close together and accompanied by long lower shadows, which indicates a double bottom pattern. This occurs in the middle of an overall upward trend, and a continuation of the rally should be considered.

2. The upper Bollinger Band is turning, showing signs of convergence. Given the large distance between the upper and lower bands, it leans towards wide fluctuations for correction.

3. Support Levels

Support 1: Fibo 0.5

Support 2: Fibo 0.618 + EMA moving average resonance range

4. Pay attention to the B wave rebound in the wave pattern.

5. Support Levels

(1) Concentrated chips zone + EMA moving average + Gann 3/1 forming a triple resonance support.

(2) MA200 bull-bear line + Gann angle line 4/1 + Fibo 0.618 forming a triple resonance support.

Trading Strategy

Spot: Gradually position in the range of 0.65 to 0.55, average price 0.6, stop loss at 0.46, take profit at 0.75 to 0.87 (range oscillation).