$SAND — The rally is losing momentum
SAND Futures is at 0.06822 USDT, up 2.294% over the past 24 hours. The last two 1H candles closed lower in a row; the latest fell from 0.07036 to 0.06845, suggesting the previous upward momentum is fading.
🔴 Favor the downside if a 1H candle closes below 0.06734, the low of the candle that just closed. The next level to watch below is 0.06575, the low of the last closed 4H candle. This view is invalidated if a 1H candle closes above 0.07054. Wait for a candle close for confirmation; avoid drawing conclusions from a brief dip below the low during the hour.
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#SAND #Metaverse #Futures
SAND Futures is at 0.06822 USDT, up 2.294% over the past 24 hours. The last two 1H candles closed lower in a row; the latest fell from 0.07036 to 0.06845, suggesting the previous upward momentum is fading.
🔴 Favor the downside if a 1H candle closes below 0.06734, the low of the candle that just closed. The next level to watch below is 0.06575, the low of the last closed 4H candle. This view is invalidated if a 1H candle closes above 0.07054. Wait for a candle close for confirmation; avoid drawing conclusions from a brief dip below the low during the hour.
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#SAND #Metaverse #Futures
