SAND Short Again - Head and shoulders reversal
SAND has peaked at it's long term 4.236 Fib and hit hard resistance.
Shorted once from the 3 to 2 area. Right shoulder forming on the 1 and 4 hourly.
Tight stops on anything short.
Volume is reducing, giving less ability to break out for ATH.
This could coincide with a retracement in BTC in the next 24-48 hours.
Would look at TP at 2.75, long term short would be to 2.4-2.25 area.
Shorted once from the 3 to 2 area. Right shoulder forming on the 1 and 4 hourly.
Tight stops on anything short.
Volume is reducing, giving less ability to break out for ATH.
This could coincide with a retracement in BTC in the next 24-48 hours.
Would look at TP at 2.75, long term short would be to 2.4-2.25 area.
Penafian
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