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SAN Update: Time for Long?

koko_koalaen_flag
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After roughly falling about 20% from the weekly high of $ 5.20, SANDBOX seems to be taking support at the level of $ 4.10. A
strong buying opportunity is created by two support levels at this price range and it is very likely to bounce to the next resistance level of $ 4.75 - $ 4.85 in a rapid move. The price is expected to face strong selling pressure owing to the confluence 100 period moving averages along with the traditional resistance. If the bullish momentum is strong enough to give a close above $ 4.80 in a 4 hr candlestick chart SANDBOX would head for the previous $ 5.25 high, translating into a 28% upside movement from the current price level.

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price is still at support. a possible bounce might happen

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