$SAND Long Liquidated: $92.8K at $0.601
The #Sandbox market just witnessed a $92.8K long position liquidated at $0.601.
This major event highlights a surge in selling pressure and raises questions about the strength of current support levels.
Key Takeaways:
The $0.601 level is pivotal; holding this line could spark a temporary rebound.
Liquidations like this often signal increased market stress and possible trend shifts.
Traders should prepare for heightened volatility and sharp price movements.
What’s Next for $SAND ?
If $0.601 holds, a bounce toward $0.620 might occur.
A break below $0.601 could open doors for further declines, targeting $0.580 or lower.
Stay defensive and prioritize stop-loss strategies to protect against unexpected moves.
Navigate carefully in this high-risk zone!
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