Hello Traders!
The SAND price is moving within the descending trend. At the moment, the price is testing the lower boundary of the resistance zone - the level of $1.41. It can be assumed that the purpose of the current price rebound within the framework of the downtrend will be a partial or complete collection of liquidity in the resistance zone of $1.41 - $2.00.
Based on the analysis of senior timeframes it is possible to assume that after liquidity gathering downward pricing on the asset will continue.
It is interesting to connect to medium-term purchases in a range of $0.33 - $0.55
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
The SAND price is moving within the descending trend. At the moment, the price is testing the lower boundary of the resistance zone - the level of $1.41. It can be assumed that the purpose of the current price rebound within the framework of the downtrend will be a partial or complete collection of liquidity in the resistance zone of $1.41 - $2.00.
Based on the analysis of senior timeframes it is possible to assume that after liquidity gathering downward pricing on the asset will continue.
It is interesting to connect to medium-term purchases in a range of $0.33 - $0.55
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice