SAND / TetherUS

SAND/USDT Bullish Momentum ??? Break the resistance or Reject?

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đź’Ž SAND has undoubtedly captured our attention, achieving a breakout from the Symmetrical Triangle pattern with a notable ascent. Currently, SAND is at a pivotal juncture, facing a resistance zone that needs to be overcome to maintain its upward trajectory. However, SAND has not yet initiated a downward movement for a retesting phase.

đź’Ž For optimal entry points, we can await confirmation by observing either a breakout from the resistance zone or a pullback to the demand area. If SAND manages to breach the resistance promptly, it's likely to proceed smoothly towards its next targets, the supply zone, and the bearish OB region.

đź’Ž Should SAND face another rejection at the resistance, it might enter a retesting phase at the demand zone. In such a case, SAND would require a definitive bounce to continue its attempts to shatter the resistance barrier.

đź’Ž Failure to do so could result in SAND relinquishing its hold on the demand zone, indicating a potential false breakout and initiating a downward momentum. Consequently, SAND might seek support, potentially testing the resilience of a significant support area below.

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