SAND has been getting hammered by the current down-trend, just like the rest of the crypto market.
However, SAND is still trading in a very well-defined macro bullish channel. We're currently at risk of losing more value with BTC hugging the $38k area, so we have to be prepared for a further loss of value in the coming weeks.
In case that happens, I'm keeping an eye on SAND. The yellow area on the chart will most likely offer a lot of resistance, potentially even trigger a reversal of the long-term trend.
Happy trading!
However, SAND is still trading in a very well-defined macro bullish channel. We're currently at risk of losing more value with BTC hugging the $38k area, so we have to be prepared for a further loss of value in the coming weeks.
In case that happens, I'm keeping an eye on SAND. The yellow area on the chart will most likely offer a lot of resistance, potentially even trigger a reversal of the long-term trend.
Happy trading!
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ðTry my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
â Monster Signals: t.me/monster_cryptosignals
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