Bullish Setup for SAND/USDT : Price Poised for Upward Move
#SAND_USDT #SANDđ„đ„đ„ #SANDBULLISH #Write2Earn! #BinanceSquareFamily
SAND/USDT is displaying strong upward momentum on the 12-hour timeframe.
The price has been moving within a rising channel, with signs pointing to continued growth. Notably, the price has stabilized above the 100-period moving average, which is a key bullish signal.
Additionally, the RSI indicator is showing an upward trend, further supporting a potential rise.
Key levels to watch :
- **Entry Price**: $0.2800
- **First Target**: $0.3055
- **Second Target**: $0.3280
- **Third Target**: $0.3533
- **Support Area**: $0.2380 (lower channel limit)
Conclusion & Advice :
SAND is positioned for an upward breakout, with both technical indicators and price action aligning for a bullish setup. Traders may consider entering at the $0.2800 mark and targeting higher levels. However, always exercise caution, monitor market conditions closely, and employ risk management strategies, including setting appropriate stop-loss levels. Always DYOR (Do Your Own Research) before trading.
