$SAND Long Position Liquidated for $51.8K at $0.550
The $SAND long position was liquidated at $0.550, resulting in a sharp loss.
Entry point was set at $0.580, with a stop loss at $0.570 to manage risk.
The target was aimed at $0.620, but the market reversed, triggering the liquidation before hitting the target.
Key takeaways:
Entry: $0.580 for $SAND
Stop Loss: $0.570 for $SAND
Target: $0.620 for $SAND
Risk management is critical—refine strategies for future $SAND trades.