$SAND Trading Signal Based on Technical Analysis ๐
๐ฐ Market Trend: Uptrend & Correction Phase
๐ฐ Strategy:ย #SAND is currently experiencing a correction within its uptrend, showing potential for a strong bounce back from the support zone. We recommend waiting for the price to reach this support zone and exhibit a rebound before entering a long position.
๐ฐ Why This Signal?ย
SAND has been making new highs, indicating a strong uptrend.The correction phase presents a prime buying opportunity for a continuation of the trend.ย
๐ฐ Risk Management:
Ensure to place the stop loss below 200MA to manage risk effectively. Adjust your position size accordingly to not risk more than 1-2% of your trading capital.ย
