$SAND

/USDT Technical Analysis and Trade Signal🚀🎯

Current Price: $0.5734 (+51.33%)

24h High: $0.5748 | 24h Low: $0.3745

Technical Indicators:

Bollinger Bands (20, 2): Price is above the upper band, indicating overbought conditions.

Upper Band: $0.5522

Middle Band: $0.4721

Lower Band: $0.3920

SAR (0.02, 0.2): $0.4969, confirming bullish momentum.

Momentum:

Strong bullish momentum is supported by high trading volume and price action breaking resistance levels. However, overbought conditions suggest caution.

Trade Signal: Bullish

Entry Zone: $0.5500 - $0.5750

Look for a slight retracement near $0.5500 or breakout confirmation above $0.5750.

Stop-Loss: $0.4950

Place below the SAR level to protect against trend reversals.

Target Levels 🎯

1. Target 1: $0.6200 (Next psychological resistance and extension of the bullish rally)

2. Target 2: $0.6800 (Key resistance zone from historical price action)

3. Target 3: $0.7500 (Extended rally zone if momentum sustains)

Timeframe: 1-4 days, depending on market momentum.

Trade Momentum:

Monitor Bollinger Band squeeze or volume spike for potential breakout or trend continuation.

Be cautious if price falls below $0.4950, as this may indicate a shift in momentum.

Watch for bearish divergence on RSI or MACD as price moves closer to targets.

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