From TradingView · · 40s
SANDUSDT Trendline Rejection
SAND price rejected trendline before retesting 0.045.
In brief
SAND price rejected trendline before retesting 0.045. SAND price rejected trendline near 0.08532, expected to retest 0.045 before next leg. Originally reported by TradingView.
SAND price rejected trendline
SAND price knocked on the door of its old trendline with record volume, the door stayed shut.
Expected retest at 0.045
I expect a stop hunt and a retest from above of 0.045 first, then a squeeze into 0.06578.
Next target 0.08532
Hold and close the week above 0.06578, and the second attempt at the trendline and 0.08532 has every chance to get us back home.
The bottom line
SAND price rejected trendline near 0.08532, expected to retest 0.045 before next leg.
