📊 $SAND | Descending Wedge at Support — Bounce Setup! 🏖️
Current Price: $0.07198 | +0.84%
📌 Pattern: Descending Wedge + Major Support Trendline on 4H
Price at apex of wedge + sitting on long-term support = high probability reversal zone
🎯 Trade Setup:
📥 Entry : $0.0710 – $0.0725 (current)
🎯 TP 1 : $0.0820
🎯 TP 2 : $0.0860
🎯 TP 3 : $0.0940+
🛑 SL : $0.0670
Risk:Reward = 1:4+ ✅
💡 Chart Reading:
📐 Descending wedge apex = breakout imminent
🟢 Long-term support trendline = holding since April
📈 Breakout arrow visible on chart = upside projected
📊 MAs compressing = energy coiling
⚡ Price bouncing off both trendlines simultaneously = max pressure
⚠️ Key Levels:
✅ Confirm : 4H close above $0.0760
🟢 Support : $0.0670 long-term trendline
❌ Invalidate : Break below $0.0660
💡 Honest Take:
SAND has been in a slow bleed since May 9. Now compressed between wedge + major support. This is the lowest risk entry point — tight SL, clear target, defined structure. 🎯
⚠️ Not financial advice. DYOR.
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