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TRADE ALERT - SAND is about to go ballistic!
#sand #sandlot #sandusd #altcoins #longsetups
Sorry for the clickbait title, but I feel the vibe on this one. I know, I know. Targeted by the SEC as a security. But, on the other hand, one of the tokens legalized by the Hong Kong market. Outside of debates regarding fundamentals, let's dive into what the technicals seem to be showing us!
First, take a look at the beautiful triangle! Dang son, it don't get much better than that yo!
Now, look down there at that RSI. See that red TL? Pop, pop, ...and POP. At every touch you can bank on cash.
Incidentally, this third touch will coincide with a touch of the bottom of our triangle. And, just below that, a very important support.
This is an easy bet. I have entered at 37 cents ish and will hold till at least 53 cents with the remaining balance to 58 if I don't get stopped out first.
I will be moving my stops up as we go as always.