$SAND Short Liquidation Alert
A massive $61.9K short position on SAND was liquidated at $0.758.
The price jumped, forcing short sellers to close their positions.
What It Means:
Price Surge: The liquidation likely triggered a buying spree, pushing the price higher.
Market Shift: Short liquidations often lead to increased upward pressure.
What to Watch Next:
1. Support Levels: Watch $0.740 and $0.725 for potential support zones.
2. Resistance Levels: If SAND keeps rising, $0.770 could act as resistance.
3. Volume: Watch the volume for signs of continued buying or potential reversal.
4. Market Sentiment: Be on the lookout for news or market events that could influence SAND’s price.
Stay sharp—SAND could keep moving as the market reacts to this liquidation!
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