$SAND is oversold, but still looks weak.
RSI 29 on the 4h means sellers have pushed hard. I know. That’s not automatically bullish. The last 4h window dumped 7.9%, price is down 7.68% today, and $2.14M volume is doing nothing compared with its 20d average.
That’s the tell.
Shorts are paying -0.037% funding, so a squeeze can happen, but there’s no strong spot demand behind it yet.
$BTC strength isn’t saving this chart either. SAND is chopping under mixed MAs, sitting 43% below its 30d high.
At $0.0506, I’m not catching this knife. I’d only start paying attention around $0.05 if sellers finally exhaust. Until then, oversold is just a condition, not a signal. ⚠️📉
#SAND #Trading #Altcoin