SAND has recovered from the yearly low it returned to. This further shows its intention to continue to hold this important level. However, we are also considering the possibility that it could move below this key support level. With this in mind, we booked profits on the long position we entered at 0.2310. Initially, we thought that the profit would be around 10%-15% but SAND has exceeded our expectations and benefited us with a gain of 29.26% at a risk-reward ratio of 2.49. As more buyers eye this altcoin, we can expect a potential bullish phase to occur once the accumulation is complete.

Be smart and trade cautiously.