$SAND Long Liquidation Alert
A long position worth $9,143.6 was liquidated at $0.58613 for SAND.
This sharp decline caught bullish traders off guard, triggering a sell-off.
What’s Next?
1. Market Outlook:
The downtrend could persist if the selling pressure continues.
2. Key Levels to Watch:
Support: $0.580 and $0.570. Watch these levels for potential reversal.
Resistance: $0.590. If SAND breaks above this, a recovery could follow.
3. Volume Check:
Increasing volume indicates strong selling momentum. Pay attention to this.
Strategy Tips
For Bears: Look for shorting opportunities if the price stays below $0.590.
For Bulls: Wait for clear support before considering any buys.
For Scalpers: Capitalize on price swings with tight stops.
Stay alert and trade with caution—volatility is high!