$SAND is moving fast, but this is exactly where I’d start paying more attention to the reaction around resistance.
On the 1D chart, price has made a strong move from the $0.035 area and is now trading around $0.0747 after a sharp breakout. The important zone above is around $0.079–$0.085, where previous price action shows strong resistance.
Price has now pushed into this zone, so a pullback would not be surprising. The area around $0.060–$0.065 is the key region I’m watching if the rejection continues. A healthy reaction there could give the structure room to build again. #bullish
On the 1D chart, price has made a strong move from the $0.035 area and is now trading around $0.0747 after a sharp breakout. The important zone above is around $0.079–$0.085, where previous price action shows strong resistance.
Price has now pushed into this zone, so a pullback would not be surprising. The area around $0.060–$0.065 is the key region I’m watching if the rejection continues. A healthy reaction there could give the structure room to build again. #bullish
