$SAND / USDT ā Potential Short Trade Developing? š§š
$SAND / USDT is currently trading at $0.2852, down -4.90% on the day, indicating some bearish momentum. After a recent upward move, the price appears to be facing resistance and showing signs of a potential pullback on the 4-hour chart.
š Possible Trade Setup (Consider your own analysis and risk management):
* Potential Entry Price: Around the current price of $0.2852 or upon confirmation of further downward momentum.
* Potential Take Profit (TP): Consider levels such as $0.2800 or lower, based on your risk tolerance and technical analysis.
* Potential Stop Loss (SL): Place above recent highs, perhaps around $0.2900, to protect your capital.
ā ļø Outlook:
The 4-hour chart shows a recent rejection from higher levels. Monitor volume and price action closely for confirmation of continued bearish pressure. Remember to conduct your own thorough analysis and manage risk appropriately.
Perp-0.42% (based on the last 4 hours)
