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Talking about SAND/USD, the current position is close to the lower trendline and for your information, the last time when SAND hit this trendline, it bounced back and rallied up to 78%. This time SAND can make a similar move only if it manages to hold the $2.65 support level. I am expecting a 70% rally if the market gets bullish. We have a lot of events coming up for SAND which is huge.
So, let's keep an eye on this. I am gonna buy some on spot for now and in futures after confirmation.
What do you think about SAND? Will it rally 70% or get rejected?
Let me know your views in the comment box.
I'll see you guys on my next update until then trade safely.
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