SANDBOX/USD TRADE SETUP.

1 ביוני 2022

Hello traders, here's a trade setup to SAND in 4 hours TF. SAND is trending under a triangle that looks like an ascending triangle. Currently, the price got rejected from the upper trendline ($1.5) and possibly it will drop towards the $1.3 support range.

Perfect entry: $1.3 to $1.36

Stop Loss: $1.23

Target: $1.5+

The strategy will be to accumulate the bottom, sell 50% at the resistance and if SAND breaks out the resistance then re-enter at the retest ($1.5 to $1.54). If SAND gets rejected from the resistance ($1.5) then wait for the re-entry between $1.3 to $1.36)

This chart will get invalid if it breaks down below the $1.23 level.

Trade safely.

1 ביוני 2022

הערה

SAND Update:

SANDBOX has entered our buying range. Now, all we need is a bounce back from the support level. We still have 2 hours for the candle to close. Make sure you enter only if there is a positive bounce. If you have already entered this trade then keep your SL at the given levels.

Trade safely.