SAND long idea
Ive been grappling as to what is happening with SAND today.
It is higher up on coinmarketcap, so i feel that when we do get a breakout it won't be as volatile.
Im suggesting two overhead resistance (diagonals). One is from more recent price action and the other goes further back, more macro. Im thinking that recent price action is more important, and therefore its actually the resistance line to the right (that we are yet to encounter, that is more important).
Looking to take longs in the box below, expecting some consolidation in price action before we see a break of the horizontal resistance and a rally to the overhead diagonal resistance line.
It is higher up on coinmarketcap, so i feel that when we do get a breakout it won't be as volatile.
Im suggesting two overhead resistance (diagonals). One is from more recent price action and the other goes further back, more macro. Im thinking that recent price action is more important, and therefore its actually the resistance line to the right (that we are yet to encounter, that is more important).
Looking to take longs in the box below, expecting some consolidation in price action before we see a break of the horizontal resistance and a rally to the overhead diagonal resistance line.
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