$SAND price has broken past multiple resistance levels, forming a bullish candlestick with high volume. This suggests further upside potential, but caution is advised due to the overbought RSI.
Bullish Outlook: As long as SAND holds above the $0.4556 support level, it could attempt to test $0.65 and potentially $0.82.
Trading Strategy:
For Bulls: Wait for a breakout above $0.6517 for confirmation of continuation or buy near the $0.4556 support on pullbacks.
For Bears: Consider shorting near $0.65 with a tight stop-loss if signs of reversal emerge.
Support and Resistance Levels
Immediate Support: $0.4556 (MA 99)
Major Support: $0.3911 (24H low)
Immediate Resistance: $0.6517 (24H high)
Key Resistance: $0.8266 (previous local high)
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