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SAND currently has a market capitalization of 405 million, up 86%, with 37,900 votes bullish. From a technical perspective, the M15 chart shows a potential long opportunity awaiting execution, with the entry point exactly within the key support zone and unaffected by weak areas. Regarding risk, setting a stop loss at around 5.13% is more reasonable. Notably, the upward trend is currently in its 137th cycle, with an amplitude of 34.25%, indicating that momentum remains strong. Short-term traders can watch for technical breakout opportunities at this level.
Although, 37,900 votes mean little. The unreasonable mechanism of miners consuming too much gas fees will eventually collapse.
An amplitude of 34.25% per hour is indeed sufficient. The question is, how long can the support band hold? Patience until the breakout.
A stop-loss of 5.13% sounds reasonable, but a project with a market cap of 405 million will eventually collapse. I'm still watching.
M15 long opportunity? Data-driven analysis suggests that such breakout signals are most likely to deceive. Can't we see the historical lows again?