Breaking News

SAND/USDT (Futures) Potential Upward Movement

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 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!

Free Robot!