$SAND — quick take, I still think it is one rejection away from a cleaner short as the lower highs signal underlying bearish momentum across the multiple timeframes. The down-push in recent candles, underscored by bearish indicators everywhere, suggests the current selling pressure is substantial. For this to play out, we need a real break below the short-term floor; otherwise, a reclamation above the recent high invalidates the thesis.

A clean invalidation ends the thesis — no averaging into it.

Levels — SANDUSDT
Zone: 0.03745 - 0.03757
Cut: 0.03776
Scale: 0.03726 | 0.03706 | 0.03681

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