$SAND Short Liquidation Alert.

A massive $14.69K Short Liquidation hit at $0.6977.

The market is seeing some intense moves! Short traders who were betting against the price of are now facing a major liquidation! At a price of $0.68573, $14.69K worth of short positions were wiped out in a flash.

What does this mean.

Traders who were shorting are forced to close their positions due to the price action, leading to increased volatility and a potential surge in price. This could indicate a strong buying momentum pushing the market upwards.

This massive short liquidation event might trigger further buying pressure as the market reacts to the liquidation cascade, where liquidated shorts lead to more buying and cause the price to rise even faster.

What’s next for $SAND?

Watch for potential upside moves! If the buying pressure continues, $SAND might see a price increase above this liquidation level.

Be cautious of pullbacks. Price volatility could still occur as traders reassess their positions.

Key Levels to Watch:

Current Price: $0.68573

Potential Resistance: Watch for any key resistance levels that may form above the liquidation price.

Targets: The price could continue upward if the bullish momentum persists. Keep an eye on upcoming key price levels for potential buy zones.

Takeaway: With such a large liquidation, there’s a real potential for $SAND to see more price action, especially as traders adjust their positions.

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