SANDUSDT Potential Reversal
Waiting for a Reversal in SAND/USDT chart. Here is why,
There are both fundamental and technical reasons.
Fundamental reasons,
Technical reasons.
We can see two resistance areas on the chart. The chart has failed to break these levels only a few times.Keep an eye on these resistance areas .If there is more than >300M [D] volume. The resistance can break easily. Personally, I would not enter into any trades at that time. Because my whole structure was wrong.
In cases where there was low volume and a high RSI value + a down tread. I consider entering a short position. Thanks . #NFA #DYOR
There are both fundamental and technical reasons.
Fundamental reasons,
- 12.4% of tokens were unlocked on 14 FebruaryFrom my point of view, this is the main reason. normally Anyone can tell there can be a 10-13% price devaluation at that time. But I'm hoping there can be more than price drop. 🔎 (Token Unlock - Google it )
* Another thing is that I have difficulty identifying the bitcoin movement. That’s why I marked two accumulating periods.
Technical reasons.
We can see two resistance areas on the chart. The chart has failed to break these levels only a few times.Keep an eye on these resistance areas .If there is more than >300M [D] volume. The resistance can break easily. Personally, I would not enter into any trades at that time. Because my whole structure was wrong.
In cases where there was low volume and a high RSI value + a down tread. I consider entering a short position. Thanks . #NFA #DYOR
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