๐ SAND has recently demonstrated significant market dynamics. After successfully breaking out and reclaiming the price above the resistance area, SAND is now consolidating around the support area.
๐ There's a probability that the price will resume its upward movement and retest the strong resistance area.
๐ However, if SAND retraces back to the support and breaks below this level, it could signify a false breakout, leading to a downward movement towards the Bullish OB area.
๐ SAND must bounce from the Bullish OB area and reclaim the price above the support to sustain the upward movement. Failure to do so may result in further downward movement for SAND.
๐ There's a probability that the price will resume its upward movement and retest the strong resistance area.
๐ However, if SAND retraces back to the support and breaks below this level, it could signify a false breakout, leading to a downward movement towards the Bullish OB area.
๐ SAND must bounce from the Bullish OB area and reclaim the price above the support to sustain the upward movement. Failure to do so may result in further downward movement for SAND.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Want to trade like a PRO without the 15+ year learning curve?
๐ซณSteal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
โ ๐๏ธOr go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
๐ซณSteal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
โ ๐๏ธOr go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.