$SAND Starting to retrace after the breakout.
The price, which had climbed to $0.086, has now returned to around $0.083.
The key breakout level is $0.084. As long as SAND can reclaim and hold above this level, the breakout remains valid.
On the daily Fibonacci chart, the $0.074 area is the next important support. If the price fails to hold there, a retrace to $0.068–$0.063 remains possible.
Bullish invalidation: a daily close below $0.063.
For now, I’d rather wait and see how SAND reacts around $0.084. Reclaiming this level would be a more compelling confirmation than simply chasing the price rise.
The price, which had climbed to $0.086, has now returned to around $0.083.
The key breakout level is $0.084. As long as SAND can reclaim and hold above this level, the breakout remains valid.
On the daily Fibonacci chart, the $0.074 area is the next important support. If the price fails to hold there, a retrace to $0.068–$0.063 remains possible.
Bullish invalidation: a daily close below $0.063.
For now, I’d rather wait and see how SAND reacts around $0.084. Reclaiming this level would be a more compelling confirmation than simply chasing the price rise.
LONG 🤔
SHORT 🤔
22 hr(s) left