🚨 $SAND — Momentum Fading After a 100%+ Weekly Rally! 📉
Guys, $SAND has surged over 100% in the past week, but things are starting to look overheated. 👀
📊 Here's what I'm watching:
- 🚀 Up 100%+ over the week
- ⚠️ Daily RSI is sitting around 85 (overbought)
- 🎯 Weekly resistance zone: $0.0845–$0.0850
- 📉 Bearish RSI divergence visible on H1, H4 and daily timeframes
- 🔻 Momentum is fading, and a correction may still be underway
🎯 Key Demand Zone:
I'm keeping a close eye on the $0.0600–$0.0620 zone. If buyers step in and $SAND consolidates above this area, another move toward new highs could be possible. 🚀
For now, I'm watching price action closely and waiting for confirmation before making any decisions...
📊 Key levels are marked on the chart.
#SAND #CryptoAnalysis #BearishDivergence #CryptoTrading #Altcoins
Guys, $SAND has surged over 100% in the past week, but things are starting to look overheated. 👀
📊 Here's what I'm watching:
- 🚀 Up 100%+ over the week
- ⚠️ Daily RSI is sitting around 85 (overbought)
- 🎯 Weekly resistance zone: $0.0845–$0.0850
- 📉 Bearish RSI divergence visible on H1, H4 and daily timeframes
- 🔻 Momentum is fading, and a correction may still be underway
🎯 Key Demand Zone:
I'm keeping a close eye on the $0.0600–$0.0620 zone. If buyers step in and $SAND consolidates above this area, another move toward new highs could be possible. 🚀
For now, I'm watching price action closely and waiting for confirmation before making any decisions...
📊 Key levels are marked on the chart.
#SAND #CryptoAnalysis #BearishDivergence #CryptoTrading #Altcoins
