SAND/USDT : Huge sell signal is about to trigger !
BINANCE:SANDUSDT
Hello everyone 😃
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$SAND has formed a Flat bottom triangle and now it has reached the bottom’s support zone .
The formed demand here has held the pair four times and now it’s the fifth attempt of break.
Based on five break-out attempts; There’s a high chance for bears to take the lead below the local demand.
– Also two bullish trendlines are located right below the current rate of market price:
Based on the chart above, If we get the closings below the demand zone , Then it’s more likely for bulls to lose their bullish trendlines neither…
This can become a great opportunity to locate our Short on a proper retest of the broken demand zone or the broken trend zone/line!
This idea comes with a clear Short Setup :
Trading setup :
🔻 Entry Pointes : $2.562 ( On Retest after daily closings below )
📍Targets : $2.25 – $2.00 – $1.75 – $1.44
🟥 Overall stop-loss : $2.9 ( Daily closing above )
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Attention: this isn’t financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades

