Hey, Square fam! š Letās dive into The Sandboxās weekly chart and explore why $SAND just might be prepping for a powerful reboundāand what to watch next!
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š Market Structure & Support Zone
Weekly Update: $SAND is testing its historical accumulation zone betweenāÆ$0.28ā$0.33, a strong region thatās acted as a demand baseline since 2021 .
Bullish Signs: The pair bounced off this zone recently, suggesting a potential formation of a mid-cycle double bottomātypically a bullish reversal pattern .
200āweek MA: Price is reclaiming this key moving average, adding strength to the bullish thesis .
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ā ļø Critical Levels to Watch
**š Blue Box (Entry Zone)**: $0.28ā$0.33ādiving into DCA territory with low risk and tight stops.
**š« Invalidation Layer**: If $0.27 breaks, structural breakdown risk increases. Deeper zones emerge around $0.10ā$0.07 .
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šÆ Upside Targets
1. TP1 ā $0.4678: Previous wedge support turned resistance
2. TP2 ā $0.8344: Multi-month swing top
3. TP3 ā $1.3493: 2022 mid-cycle highs reclaimed
> **āļø Risk/Reward:** If $SAND reclaims $0.35+, upside potential between 100ā300% becomes on the table .
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š§ Strategy Playbook
Slow & Steady: DCA within $0.28ā$0.33, use tight stop-losses just below $0.27.
Aggressive Move: Wait for a market structure shiftāweekly close above $0.47 + supportive retest.
Volume Insight: Keep an eye on volumeābreakout strength or weakness will validate price moves .
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š Whatās Next?
Bullish Scenario: If support holds and $0.47ā$0.50 is reclaimed, expect a multi-leg recovery into Q3āQ4.
Bearish Scenario: A break below $0.27 could spell deeper correctionābest to step aside and reassess.
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š” Quick Weekly Recap
Theme Signal
Support Hold ā Bounce at $0.28ā$0.33
MA Reclaim ā Weekly candle above 200āweek MA
Pattern ā Potential double bottom forming
Volume š Check for confirmation at breakout
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š TL;DR
$SAND is at a crucial support zone with bullish structure and technical alignment forming. DCA now for a potential swing entry, or wait for breakout confirmationāstrike timely and manage risk smartly!
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Drop your thoughts below! Whatās your takeāwill $SAND hold and soar, or break for deeper price action? Letās discuss! š¬š
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Disclaimer: This is not financial advice. Always do your own research (DYOR). Trade responsibly and manage your risk.