SANDUSDT Daily S/R| Price Action| Trend| .618 Fibonacci

2021年12月14日

Evening Traders,

Today’s analysis – SANDUSDT – trading at a key trade location where technical confluence is present,
Points to consider,
- Price Action Corrective
- Daily S/R Support
- Weekly S/R Objective
- Low Volume
- Trend

SANDUSDT’s immediate price action is trading at a key trade location that has technical confluence with the Daily S/R, and the .618 Fibonacci, allowing for a bullish bias.

The immediate objective is the Weekly S/R, exceeding this level will lead to a trend continuation.

The current volume profile is below average, an influx is highly imminent when an expansion occurs.

Overall, in my opinion, SANDUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps,

Thank you for following my work

And remember,

“There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.”
― Yvan Byeajee