🎮 Technical Analysis: Sandbox ( $SAND )
Market Capitalization: $1.2 billion.
SAND is in a downtrend, and hourly charts show an excellent opportunity to trade relative to levels in the direction of this trend.
How to Trade❔
💬 When the price is near a resistance level, wait for a reversal candle pattern.
💬 Open a sell trade. Set stop-loss beyond the nearest extremum. Set take-profit before the minimum.
💬 If take-profit triggers, you can calculate the next trade on a breakdown of the minimum with continued downward movement.
💬 If stop-loss triggers, it's reasonable to open a breakout trade upward (buy). Stop – beyond the nearest extremum, profit – before the resistance level.
💬 The profit/risk ratio in all these trades looks acceptable.
Conclusion:
SAND gives clear signals for short-term trading. Follow the levels, control risks, and the trend will help you earn.
📈 Open a trade with $SAND
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