$SAND just hit a huge liquidation with a $50.7K short position at $0.607! Is this the start of a big rally?
Keep an eye on $SAND, it's heating up!"
Important Details about $SAND:
sand is the native token of The Sandbox, a decentralized virtual world powered by blockchain technology.
It’s a popular platform where users can create, buy, and sell virtual land and assets.
$SAND is used for transactions in the game and as a governance token for the platform.
Next Move Suggestion:
Watch for a price bounce after the short liquidation.
If $SAND holds above $0.60, it could see an upward momentum.
The market could also consolidate at this level before making its next big move.
Support & Resistance:
Support: Around $0.58 - $0.60, which could act as a floor for the price.
Resistance: Around $0.65 - $0.68, where the price might face selling pressure.
Buy or Sell?
Buy if the price stays above $0.60, showing strength and potential for an upward move.
Sell if it nears $0.65 - $0.68, as it could hit resistance and reverse.