🎮 Technical Analysis: The Sandbox ($SAND )

Market Capitalization: $231 million.

A classic breakout-and-retest setup has formed on the SAND chart. Following a prolonged downtrend, the price broke below a key support level.

🟡 The market is now forming a pullback toward that broken level, which has now flipped into resistance.

How to trade it❔

💬 Entry upon confirmation of a pullback to the resistance level and the first signs of a reversal downward (formation of a bearish candle, rejection from the level).

💬 Stop-loss set above the resistance level to exit the trade in case of a false breakout.
Take-profit place it ahead of the next key support level below. No greed: set a realistic target with a risk-to-reward ratio of at least 1:1.5.

💬 If the price breaks the descending trendline from below and closes above it — the short-term trend changes, and the priority shifts to buying on a pullback to that same trendline from above.

Conclusion:
SAND currently offers a short opportunity within the active downtrend. The key is strict adherence to levels and disciplined risk management.

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