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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.

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