🔥 SAND Still Macro Bullish, But More Pain To Come

SAND has been getting hammered by the current down-trend, just like the rest of the crypto market.

However, SAND is still trading in a very well-defined macro bullish channel. We're currently at risk of losing more value with BTC hugging the 38k area, so we have to be prepared for a further loss of value in the coming weeks.

In case that happens, I'm keeping an eye on SAND. The yellow area on the chart will most likely offer a lot of resistance, potentially even trigger a reversal of the long-term trend.

Happy trading!