$SAND /USDT Technical Analysis and Trade Signals

Current Price: $0.9154

24h Price Change: +24.48%

Momentum: Bullish, with a potential retracement after sharp gains.

Key Levels

1. Support Levels:

Primary Support: $0.8500

Secondary Support: $0.7700

2. Resistance Levels:

Immediate Resistance: $0.9500

Major Resistance: $1.00

Technical Indicators

Relative Strength Index (RSI): Overbought zone (~78) indicates potential short-term pullback.

Moving Averages (EMA):

50 EMA: $0.8120 (bullish crossover above price)

200 EMA: $0.7300 (confirming long-term uptrend).

MACD: Positive crossover suggests strong buying momentum.

Trade Setup

Long Position (Bullish Bias)

Entry Point:

Around $0.8800-$0.9000 (on minor retracement).

Target šŸŽÆ Levels:

1. Target 1: $0.9500

2. Target 2: $0.9800

3. Target 3: $1.0500

Stop-Loss: $0.8500 (to protect against reversal).

Short Position (Only If Reversal Confirmed)

Entry Point: Below $0.8500.

Target Levels:

Target 1: $0.8000

Target 2: $0.7700

Trade Momentum and Outlook

Short Term: Bullish, driven by strong volume and breakout potential.

Medium Term: Watch for consolidation near $1.00; a breakout above can lead to significant upward momentum.

Long Term: SAND's role in the metaverse positions it as a promising asset for sustained growth.

Trading Tips:

1. Monitor BTC/USDT as broader market sentiment may influence SAND's movement.

2. Use tight stop-loss in case of high volatility.

3. Scale out profits near resistance levels.

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