Sand is weak, a huge chance of going down
Sand recently was pumped a lot, which means it needs a good healthy correction.
On the daily it's about to start correction, which shows with a huge volume at high.
The main targets are shown at the chart, Sand could bounce from each of them, creating correction.
I expect it to go at least -60% from this point.
However best entry is at squeezing down the trendline.
On the daily it's about to start correction, which shows with a huge volume at high.
The main targets are shown at the chart, Sand could bounce from each of them, creating correction.
I expect it to go at least -60% from this point.
However best entry is at squeezing down the trendline.
The weakness is on its volume - recently high volume at highs and almost no volume while falling down.
That means it should go deeper to find support with bigger volume.