$SAND long — Capitulation bounce, targeting MA(25) resistance 🚀
SAND experienced a heavy sell-off (-10.32%), flushing down to a low of $0.03595. However, a massive volume spike at the bottom indicates seller exhaustion, and the order book now shows a strong 60% buy wall stepping in. A clean 1H close above the $0.0375 local resistance (reclaiming the MA7) will confirm a short-term relief rally.
Entry: 1H close above $0.0375
SL: Below $0.0355 (Under the recent capitulation low)
Target 1: $0.0391 (MA 25 resistance)
Target 2: $0.0410 (MA 99 resistance)
If $0.0355 breaks down, the setup is invalid — cut your losses.
$SAND
DYOR. NFA. Catching a falling knife is risky, use strict risk management.
#SAND #TheSandbox #TradeIdea #TradingPsychology
SAND experienced a heavy sell-off (-10.32%), flushing down to a low of $0.03595. However, a massive volume spike at the bottom indicates seller exhaustion, and the order book now shows a strong 60% buy wall stepping in. A clean 1H close above the $0.0375 local resistance (reclaiming the MA7) will confirm a short-term relief rally.
Entry: 1H close above $0.0375
SL: Below $0.0355 (Under the recent capitulation low)
Target 1: $0.0391 (MA 25 resistance)
Target 2: $0.0410 (MA 99 resistance)
If $0.0355 breaks down, the setup is invalid — cut your losses.
$SAND
DYOR. NFA. Catching a falling knife is risky, use strict risk management.
#SAND #TheSandbox #TradeIdea #TradingPsychology