SAND/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 4.1166, 4.1678, 4.4492.
Key Support Levels: 3.7753, 3.4930, 3.2836.
Daily Time Frame:
The price on the higher time frame succeeded to break the bearish trendline to the upside and posted a hammer candlestick. This shows that the market is controlled by the buyers and might push it to the upside in the coming hours.
SAND/USDT (Futures) Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the buyers succeeded to break the bearish trendline to the upside. In addition, we have a breakout of the bespoke resistance level around the 3.7041 USDT mark. The market is expected to move upward in the same direction of the main trend.
Buy Limit Order @ 3.7372
TP 1 @ 3.9696
TP 2 @ 4.1166
Stop Loss @ 3.6214
Trade Safely 🙂