🔥 SAND Finally Breaking Out Through 1.5 Year Resistance?

٢ ديسمبر ٢٠٢٣

SAND has been trading below this bearish resistance line for well over 1.5 years. With the market going up in general, is it finally time for this token to break out?

I'm waiting for SAND to close a daily candle above 0.47, stop below the most recent swing low, target at 1.48. This way we can construct a very decent swing trade with a risk-reward of ~12.5.

Time will tell if SAND will show us long-term strength like last cycle. For now, we're keeping our long-term target relatively close.