$SAND has exited the downtrend, but it hasn’t broken through the daily resistance yet 👇
The hourly chart shows fairly clear accumulation; this up move is a typical oversold rebound. From the bottom around 0.04 to the high of 0.064, it has already risen 40% and there hasn’t been a normal hourly pullback yet.
So going forward, the price action can roughly be outlined in two scenarios:
First, it trades sideways at the high level and then breaks out again; second, it spikes up, then falls back into the original consolidation range.
Therefore, this is not a FOMO moment. Instead, watch for the first pullback after the breakout. As long as the price doesn’t break below 0.058, it is an opportunity to go long! Long positions can place a stop-loss around the 0.058 price.
I’ll notify you of the entry location as soon as the pullback happens. If you’re interested, you can refer to the chat room:
#比特币升至8.5万美元附近 #XRP三季度首现连续三月收涨
The hourly chart shows fairly clear accumulation; this up move is a typical oversold rebound. From the bottom around 0.04 to the high of 0.064, it has already risen 40% and there hasn’t been a normal hourly pullback yet.
So going forward, the price action can roughly be outlined in two scenarios:
First, it trades sideways at the high level and then breaks out again; second, it spikes up, then falls back into the original consolidation range.
Therefore, this is not a FOMO moment. Instead, watch for the first pullback after the breakout. As long as the price doesn’t break below 0.058, it is an opportunity to go long! Long positions can place a stop-loss around the 0.058 price.
I’ll notify you of the entry location as soon as the pullback happens. If you’re interested, you can refer to the chat room:
#比特币升至8.5万美元附近 #XRP三季度首现连续三月收涨
