SAND / TetherUSLong
SANDUSDT { THE SANDBOX } - BULLISH UPDATE
ANALYSIS 🔎
- SANDUSDT was bounded in the descending triangle pattern.
- Price brokeout above the descending triangle's inclined resistance.
- This is a bullish signal.
- Price action is printing a pennant pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the pennant pattern's inclined resistance.
- limit entry: test of the pennant pattern's inclined support.
TARGETS 🎯
- Horizontal resistance level (@0.64583).
- Horizontal resistance level (@0.66488).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the pennant pattern's inclined support.
- SANDUSDT was bounded in the descending triangle pattern.
- Price brokeout above the descending triangle's inclined resistance.
- This is a bullish signal.
- Price action is printing a pennant pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the pennant pattern's inclined resistance.
- limit entry: test of the pennant pattern's inclined support.
TARGETS 🎯
- Horizontal resistance level (@0.64583).
- Horizontal resistance level (@0.66488).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the pennant pattern's inclined support.
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