$SAND Breakout Alert: Bullish Continuation or Trap🤔🔐🔑👇
Current Price: $0.3069
Timeframe Analyzed: 1D + 1H
Formed Candle & Pattern Analysis:📊
On the daily chart, $SAND has printed a strong bullish candle, pushing above the $0.30 structure zone and retesting the bearish supply region. Price has respected the 50 EMA as dynamic support and is approaching the 200 EMA zone (around $0.3369) with a possible breakout setup forming.
On the 1H chart, BOS (Break of Structure) confirms bullish intent. Price is consolidating just below $0.3070, showing a potential continuation pattern.
Trend Signal:📊
1D: Bullish structure with higher highs forming.
1H: Short-term consolidation above support ($0.3045) with bullish pressure building.
Why Bullish🤔🔥
Strong daily recovery with momentum near resistance
Retesting previous CHoCH and holding above EMAs
Oscillators remain in bullish territory (Stoch RSI 82.13 / 62.83) suggesting continuation
Strategy Plan ( Long Bias):🔥
Buy Zone: $0.3020 – $0.3050✅
Short-Term Target: $0.3369🎯
Medium-Term Target: $0.3750🎯
Stoploss: Below $0.2900 (structure invalidation)☣️
Takeaway:🧑💻
If $SAND sustains above $0.30 and breaks $0.3075 resistance, it could aim for the mid-$0.33–$0.37 zone. Avoid premature exits—momentum is building.
👨❤️👨"Patience in consolidation, aggression on breakout – that's how profits are made."
Disclaimer:⚠️
This is not financial advice. DYOR before investing.
