Technical analysis by Kene247 about Symbol SAND: Buy recommendation (12/3/2024)

This 2H chart of SANDUSDT highlights a retracement-based bullish setup. Following a recent breakout of the $0.71 resistance zone and a retracement back to the zone which aligns with the 0.618 Fibonacci retracement zone, a bullish move is expected as SANDUSDT would continue its bullish trend. Enter long positions near the current level. Watch for breakouts above $0.88 for confirmation of continued bullish momentum, then a push to $1 and finally $1.10ParametersEntry: Between 0.71 - 0.78TP1: 0.85TP2: 1.00TP3: 1.10SL: 0.64This is a 1:5 RR Bullish setup.Like and comment your thoughts about the setup.SANDUSDT had a good push to the upside and has hit 2 out of the 3 expected targets. After pushing past $1 a little pullback is expected, to enable it gain some momentum for the final push. SANDUSDT came down to 0.87 zone which is now acting as a support. A little consolidation might happen before making another move towards our final Target Point $1.10 You can either close in profit or wait it out. All the best!!