After the decline, consolidation, and sufficient accumulation by the market maker, SAND seems to have welcomed its spring.
As usual, on the weekly chart, we can see that SAND's three moving averages have been intertwined for a long time, indicating that after a long period of consolidation, the ground is very stable, so the market maker has accumulated enough chips and has started to push up! Moreover, the price within the red box is the market maker's holding cost area for a long time. If SAND can break through its previous high in this bull market, there will be an 8-fold increase.
Moreover, everyone can look at the Fibonacci area on the left; the current price is clearly in the 0.236 low price area. The cost-performance ratio for building positions within the 0.236 wide area is very high.
Looking closely, we can see that the yellow 20 moving average has started to turn and cross above the blue 60 moving average. Volume and MACD green momentum are also gradually increasing, and the price has already stood above the three moving averages, indicating a bullish state.
So I have bought a little now and plan to hold until before the bull market ends. The three profit-taking points are: first at the Fibonacci 0.382 at $3.45, with a 256% increase (red box 1 in the image); the second near Fibonacci 0.618 around $5.3, with a 448% increase (red box 2 in the image); the remaining will be profit taken around $6.7 at 0.786, with a 593% increase (red box 3 in the image).
This is the larger framework we see from the weekly chart. If you buy this coin, your expectations will be very clear.
Then we look at the daily chart.
On the daily chart, we can clearly see that it is currently in a very healthy bullish divergence state. The three moving averages are dense, and the 20 moving average has quickly crossed above, with volume and MACD green momentum gradually increasing.
I just discovered this coin as well. If I had found it a few days earlier, based on my trading system, I would have entered after the yellow 20 moving average crossed upward and pulled back. Now there is already a 140% profit!
Most of the students are trading on the daily or 4-hour charts. So if entering on the daily chart, what position should you enter? I usually take action 2 or 3 times when buying coins. Generally, when I discover a trading opportunity, I immediately buy a little to avoid missing out, as I mentioned for the weekly chart. Then, for the daily level, I will wait for another oscillation pullback.
Around $0.76, $0.613, and $0.44, buy a bit more, building positions in batches and lowering costs. Generally, after a big rally, there will be a slight pullback.
But remember, the overall trend of SAND is bullish and very healthy. You can see the three moving average extension lines I drew, which are all bullish.
The 4-hour chart further confirms the demand for a short-term slight pullback.
On the 4-hour chart, we can see the position of the yellow circle. A timely pullback, the 20 moving average is also a strong support level, as it has not been broken several times.
Both volume and MACD show a decrease in green momentum, which also aligns with the possibility of a slight short-term pullback.
But don't forget, although there is a small pullback demand, overall, whether on the weekly, daily, or 4-hour chart, the situation is overall bullish. Build positions in batches, and don't exit easily.
Finally, may SAND break through its previous high, and everyone becomes rich! ❤️
$SAND Spot
$SAND Contract