$SAND #SAND 📉
Direction: SHORT
Entry zone: 0.0410 to 0.0416
Stop loss: 0.0425
Target 1: 0.0400
Target 2: 0.0385
The Sandbox is trading near 0.0409 dollars, down 4.64 percent in 24 hours and down 9.08 percent on the week, inside a range of 0.0411 to 0.0432 dollars, and the recent closes show sellers holding it down, 0.041234, then 0.041386, then 0.041466, then 0.041417, then 0.041313. 🔴 My reading is that SAND is fading with the whole gaming and metaverse sector, because five closes stuck around 0.0413 dollars with no bounce tells you buyers are waiting lower, and a weak Bitcoin near 72,758 dollars gives it no help. A short from the current zone, with a stop above 0.0425, targets 0.0400 first and then 0.0385 if sellers break the range low. A move above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does SAND break 0.0400 today, or reclaim 0.0425 first? 🤔
Follow for more trades.
#TheSandbox #Crypto #FuturesTrading #TradingSignals