AFTER OUR ENTRY, THE $SAND HAS ALREADY MOVED 6.80%. WHAT COMES NEXT?
We were able to observe a 6.80% increase following our market debut for SAND, which has matched the day trading range from September 1, 2024. Considering that the bottom of this range is 0.2263 and the high is 0.2551, there is solid support on these important levels. The majority of requests are still pending in this zone, but we are still looking for any chance to have a lengthy wick at 0.1905. As a result, this crucial threshold may trigger a potentially powerful impulsive movement. The retracements may continue to challenge the 0.3000 critical level and beyond due to this impulsive action.
Stay wise, trade cautiously.