$SAND /USDT – Bearish Market Correction in Progress!

Momentum Analysis: SAND is currently experiencing a bearish correction with a significant decline of 7.54% over the past 24 hours. Price action has bounced between the 24h high of 0.3677 and low of 0.3241, indicating consolidation and selling pressure. The support levels are in focus, with potential to test the lower bounds before a possible reversal.

Long Setup:

Entry Zone: 0.3241 (current low zone)

Targets:

T1: 0.3347 (first resistance level)

T2: 0.3385 (further resistance level)

T3: 0.3424 (upper resistance level)

Stop Loss: 0.3232 (below the 24h low for risk management)

Breakout Confirmation Level: 0.3424 (need a confirmed break above this level to target higher resistance)

Key Support: 0.3241 (watch for price action to hold at this level to avoid further declines)

Pro Tip for Traders: Pay attention to the volume and depth. If the price struggles to break the 0.3347 mark, consider taking profits earlier or waiting for confirmation before increasing positions.

Relevant Hashtags: #SAND #CryptoTrade #BearishCorrection #SANDUSDT #Metaverse