Hello Traders!
SAND has been moving in a downtrend for a long time. The price has found support near the $2.73 level. RSI on the exit from the bearish zone, the price is approaching the breakdown of the downtrend.
Counting on the exit of the asset from the long correction, it is possible to work short-term from purchases, looking for such purchases can be in the price range of $2.72 - $3.00.
The targets for such purchases will be price levels of $4.00 and $4.74.
Close the deal using stop-loss only in case of price decrease below the price level of $2.05
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
SAND has been moving in a downtrend for a long time. The price has found support near the $2.73 level. RSI on the exit from the bearish zone, the price is approaching the breakdown of the downtrend.
Counting on the exit of the asset from the long correction, it is possible to work short-term from purchases, looking for such purchases can be in the price range of $2.72 - $3.00.
The targets for such purchases will be price levels of $4.00 and $4.74.
Close the deal using stop-loss only in case of price decrease below the price level of $2.05
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice