$SAND Short 📉
📍 Sell 0.07808
🛑 Stop level 0.08471
🎯 Take profit 0.06481
SAND pumped 51% from 0.05852 in 5 days, and the move started to run out of steam. Retrace of 75%, then price went back up for the old high. The inducement at 0.06481 is still untouched. Price pushed 5.0% above the old high at 0.08391, printed a new high at 0.08809 and gave it back. It is trading under 0.08391 now. In at 0.07808, out at 0.08471 if I'm wrong, 0.06481 if the inducement gets taken. That works out to 1:2.
Not financial advice.
📍 Sell 0.07808
🛑 Stop level 0.08471
🎯 Take profit 0.06481
SAND pumped 51% from 0.05852 in 5 days, and the move started to run out of steam. Retrace of 75%, then price went back up for the old high. The inducement at 0.06481 is still untouched. Price pushed 5.0% above the old high at 0.08391, printed a new high at 0.08809 and gave it back. It is trading under 0.08391 now. In at 0.07808, out at 0.08471 if I'm wrong, 0.06481 if the inducement gets taken. That works out to 1:2.
Not financial advice.