$SAND Gains Momentum: $59K Short Liquidation at $0.686 Fuels Bullish Energy!
A substantial $59K short position was liquidated at $0.686, signaling strong buying interest and a potential breakout for SAND.
Bulls are stepping up, pushing the market higher as bears retreat.
Potential Moves and Recommendations:
1. For Bulls:
If $SAND sustains above $0.689, it could aim for $0.720 or even $0.790 in the short term.
Look for entry around $0.685–$0.690, with a stop-loss below $0.640 to manage risks.
2. For Bears:
Resistance near $0.710 might slow the rally. A rejection here could lead to a pullback toward $0.670.
Enter shorts cautiously only if momentum shows signs of stalling, with stops above $0.675.
Critical Levels to Watch:
Support: $0.64, $0.630
Resistance: $0.710, $0.780
$SAND is showing strong upward energy—trade the wave, but don’t forget to keep an eye on market shifts!
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