🚀 Technical Analysis: $SAND /USDT
Current Price: $0.6100 (+2.54%)
Timeframe: 30-min chart (Binance)
🎯 Key Targets:
1. Target 1 (Immediate Resistance): $0.6200
A breakout above this level could signal short-term bullish momentum and attract more buyers.
2. Target 2 (Mid-Term Resistance): $0.6350
Sustained buying pressure could push the price toward this mid-term resistance, ideal for profit-taking.
3. Target 3 (Major Resistance): $0.6550
A move above this psychological level would confirm a strong bullish trend and open the door for further gains.
🔻 Support Zones:
Immediate Support: $0.6050
This level needs to hold to sustain the current bullish structure.
Critical Support: $0.5900
A breach below this level could signal a bearish reversal and further downside risk.
📈 Strategy:
Entry Zone: Look for entries near $0.6050–$0.6100 or after confirmation above $0.6200.
Profit Zones: Secure profits at $0.6200, $0.6350, and $0.6550.
Stop Loss: Place below $0.5900 to manage downside risks.
🔍 Insights:
Trend: Consolidating near support with signs of a potential upward breakout.
Volume Analysis: Watch for increasing buy volume to confirm momentum above $0.6200.