$SAND Trading Signal Based on Technical Analysis π
π° Market Trend: Uptrend & Correction Phase
π° Strategy: #SAND is currently experiencing a correction within its uptrend, showing potential for a strong bounce back from the support zone. We recommend waiting for the price to reach this support zone and exhibit a rebound before entering a long position.
π° Why This Signal?
SAND has been making new highs, indicating a strong uptrend.The correction phase presents a prime buying opportunity for a continuation of the trend.
π° Risk Management:
Ensure to place the stop loss below 200MA to manage risk effectively. Adjust your position size accordingly to not risk more than 1-2% of your trading capital.
April 03, 2024 at 5:40 PM