ðĨ SAND V-Shaped Recovery After Huge Dump
A while ago I made an analysis on SAND where I argued that SAND was likely to see a period of bullish recovery after dumping for several months.
The bearish target was reached at $0.75, congratulations if you took the trade.
With my first target at $1.2 reached, we've confirmed a higher low and are on our way of making a new local high. If we can close the day above $1.2 I'd reckon we're going to continue the bullish trend and will soon see the $1.5 area reached.
What will happen after $1.5 will depend on Bitcoin. Ideally BTC will move back to >22k so SAND can make a move to $2.
The bearish target was reached at $0.75, congratulations if you took the trade.
With my first target at $1.2 reached, we've confirmed a higher low and are on our way of making a new local high. If we can close the day above $1.2 I'd reckon we're going to continue the bullish trend and will soon see the $1.5 area reached.
What will happen after $1.5 will depend on Bitcoin. Ideally BTC will move back to >22k so SAND can make a move to $2.
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