SAND/USDT SELL | S6W1 | Team Trading Contest Post for Team-Frontline

The name and introduction of the project token, and which exchange can be traded on, project/technical/team background, etc.

The Sand Cryptocurrency

Sand is the utility token of the sandbox game. The sand token has been known to gain so much ground recently in the market which caused its integration into so many exchanges.

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The sandbox was initially a mobile gaming platform which was made principally for the play-to-earn which did allowed users to create their avatars to access various hubs.
The sandboxes witness a great integration in the year 2018. This was seen through the creation of the virtual world of the game by the co-founders

Sebastien Borget
Arthur Madrid

The real release was done in 2021 which was the Blockchain version of the game. With this release, we have seen a significant rise in the prices of sand as it has been one of the most significant tokens as the software allows the users to endless 3D items which range from vehicles to buildings creatures and costumes.

An interesting aspect is that these items can be sold in the sandbox crypto market. Also, the items can be added to the Blockchain as Non Fungible Tokens and sold on secondary market as well such as the opensea.

Statistics on Sand

Using the coinmarketcap, I will provide the various statistics on the sandbox. The sandbox has a current value of $3.1and is ranked based on is 3.4 billion market capitalization. We can see the other statistics as shown below.

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Exchanges to trade Sand

We can trade the sand on exchanges which include; Binance, Kraken, Kucoin, FTX and many others.
Some to the pairs of the sand include;

Sandusdt
Sandbusd
Sandbtc
Sandeth

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Why are you optimistic on this token today, and how long do you think it can rise?

Why I am optimistic about Sand

When we take a look at the project of the sand, we see that the sand is worth investing in as it has gain so much ground recently based on its integration to a virtual and a 3-D game. In this regards it shows the token is worth investing in.

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Based on my analysis, I am using a short time frame, meaning I expect the token to rise in less than 3 hours to my take profit level.

How to analyze the token? (Using the analysis knowledge learned from professors’ courses)

Selling the SANDUSDT

I will perform a technical analysis on the sand crypto using the

Market structure break strategy and
The 25 Exponential Moving Average

Begin by explaining the usage of each of the indicators, the Exponential Moving Average will be set to a period of 25 which shows a buy signal when the prices goes above the indicator and a sell when the prices goes below.
The market structure is made up higher highs and higher lows in an uptrend and lower lows and lower highs in a downtrend. The appearance of lower high in an uptrend and a higher low in a downtrend indicates a trend reversal in each of the scenarios.

Trend Entry

The trade entry is seen when with the appearance of the lower high formation in the uptrend drawn below. This appearance shows that they will be a possible trend reversals. The entry is seen at the break of the previous higher high level as seen below.
The second confirmation is seen with the prices going below the EMA level indicating a sell.

^{screenshot from tradingview.com}

Trend Exit

The trade exit will be about setting proper stop loss and take profit levels. The stop loss level will be set using the market structure. The stop loss will be set above the recent swing high position as shown below and the take profit level to the previous higher low point.

^{screenshot from tradingview.com}

Trend Execution

The trade execution will be done with the #Binance Exchange. This is seen with the 10X leverage below.

^{screenshot from Binance}

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^{screenshot from Binance}

Your plan to hold it for a long time or when to sell?

I actually planned to hold it for a short while since I am a scalp trader. My estimated time to hit my take profit level was in less than 2 hours since I used the 15 timeframe. Well, it happened soon enough before I could finish writing the article as seen below.

^{screenshot from Binance}

Do you recommend everyone to buy and the reasons for recommending/not recommending?

When we look the project of the sand, we see that the project is worth investing as it is has shown a significant increase in the past months as the project was advanced to a 3-D game and for the fact that users can create and market their own characters.
For that reason, I still see the toke to make higher highs in the near future so I recommend for long term holding.

Conclusion

I have explained the sand token which is the native token for the sandbox platform. The platform allows users to play and earn its hosted game as well create and market various structures on the internal and external markets.
The sand crypto is therefore a token worth investing in especially for long term holding.