SAND Technical Analysis: It Is Too Early To Buy

Marking time and narrowing the trading range. It was at this stage of the correction that the SAND price came. After the enchanting growth wave from October 2021, buyers can not start the second round. Basic buyer’s support is in the range of $2.58. This is the third time this range has repelled an attack by sellers. The main problem is that each subsequent price rebound from the $2.58 range is weaker than the previous one. https://www.tradingview.com/x/KxjU5sSN/ And repeated tests of this range by sellers pass on consistently low volumes and without special problems from the point of view of buyers’ resistance. These facts lead us to consider the scenario of continuing the correction of the SAND price to the mark of $2.09. The fact is that below the mark of $2.58 are the stop orders of most buyers who bought in this price zone. It is on this liquidity that there is a chance to quickly buy SAND at a good price in bulk. Therefore, in the event of a breakdown of $2.58 at abnormally high volumes, we will expect a false breakdown with a sharp reversal of the price to $5. Technical Analysis Of SAND On The Daily Timeframe https://www.tradingview.com/x/pDjfr4tX/ Analyzing the movement of the SAND price on the daily timeframe, one can notice the unsuccessful attempt of buyers to take control of the $3.45 mark. For two weeks, at low volumes, buyers tried to fix above this mark. The result is the price fall without volumes to the liquid...