📊SAND: is huge PUMP coming? Half-year downtrend come to an end!

5 mai 2022

🎯Sandbox (SAND) is one of the top game-fi projectsand has been in a downtrend for 161 days. The price has fallen from the highs by 78%. Traders with margin positions were liquidated on the last DUMP - this is shown by Volumes.

🔶On the chart I have marked such important zones:
support zone - $1.99-$2.20
huge value zone - $2.47-3.35
value zone - $3.97-$4.33

I mark these zones with horizontal volumes. If you don't know how to use them, let me know in comments! I`ll make a education idea for you!

The price rebounded from the $1.99-2.20 support zone and broke the trend line. But a local pullback is possible.
Globally, it is important to look at the price reaction when the global trend line is tested. If the price starts pushing under it, it is very possible for SAND to reach the zone of $3.96-4.33.

After such a long downtrend, many traders and investors closed their positions at a loss or break-even and do not want to buy, although if Bitcoin continues its uptrend, the price may renew its ATH.

Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.