Liquidation Alert!
A $58.7K short was liquidated at $0.622 for $SAND highlighting strong bullish momentum. This could indicate further upward price movement.
Key Levels to Watch:
Support: $0.615 – $0.620
Resistance: $0.635 – $0.645
Suggested Trading Strategy:$SAND
If the price stays above $0.622, consider buying, as breaking $0.635 could pave the way for a move toward $0.645 or higher.
If it falls below $0.615, stay cautious and look for signs of a bearish trend before considering a short position.
Pro Tip: Keep an eye on trading volume and overall market sentiment.
Tight stop-losses are crucial to managing risk in these conditions.
A breakout above resistance could be explosive!