$SAND Short Liquidation at $0.59574 – The Bulls Ignite Momentum!
The Sandbox ($SAND) has seen a $1.6073K short liquidation at $0.59574, signaling an aggressive push from buyers.
The bears are retreating, setting the stage for a potential breakout as the market heats up.
Key Details:
Liquidation Amount: $1.6073K
Liquidation Level: $0.59574
Market Sentiment: Bullish surge, with shorts squeezed out of positions.
Next Move:
1. Critical Levels to Watch:
Immediate Resistance: $0.60
Key Support: $0.58
2. Trading Strategy:
Bullish Plan: Enter long positions if $SAND breaks and sustains above $0.60, with targets at $0.62 or higher.
Bearish Setup: Monitor for rejection near $0.60, indicating potential short-term profit-taking.
3. Stop Loss:
For long trades, set a stop loss at $0.585 to protect against reversals.
For shorts, guard against upside risk above $0.605.
$SAND is building momentum, and traders must stay sharp as the next move could spark a strong trend.
Eyes on $0.60 for the next decisive moment!