Hello traders 🐺 .

in the chart above we can see a very clear flag pattern which in my opinion could make a very rare trading opportunity for the SAND because usually we haven’t a very big flag in the daily chart and even in the weekly like what we have now in the chart above ; so you can trade based on that very easily but it’s depends on that the SAND don’t break below the daily support structure (blue box) because if the daily support lose , probably we gonna see a very massive sell off and this is the bearish scenario for the SAND :

as you can see in the chart above this is a worse case scenario for the SAND but I don’t think that this gonna happen but always prepare your self for the all scenarios in the markets .
But if price decided to hold above the daily support and break the flag , the next important resistance is near to 0.5 Fibonacci level which is also the W pattern neck line but it’s too early to talk about that right now , so the best thing to do is wait and see which scenario gonna happen and trade based on that .

Thank you guys for reading my idea , also don’t forget to like my ideas and follow me for more support🙏.