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The Sandbox price charts show where another wave of selling could occur

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The market structure remained bearish. A revisit to the breaker on the charts was a possibility. The Sandbox experienced a security issue toward the end of February. This occurred when an employee’s computer was […]

The Sandbox has been bearish on the charts since 22 February. This security incident might not have swayed near-term sentiment to bearish, for the sentiment was already in favor of the sellers.Source: SAND/USDT on TradingView

At the time of writing, the AO did not yet step back above the zero line. However, the A/D line made a series of higher lows till the end of February but slid lower in the past few days. On the way down, this former bullish order block failed to halt the bears’ advance, hence it was a bearish breaker. It also has confluence with the fair value gap SAND left on the charts.

 

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