๐จ BIG SHORT SETUP on $SAND ๐จ
Iโm watching a potential short entry around the current zone with 20x leverage.
๐ฏ TP: $0.051
๐ SL: $0.066
Why Iโm watching this setup ๐
๐ Open Interest is declining while price is pumping, which can signal that the move isnโt being supported by fresh leveraged positions.
โ ๏ธ The bigger warning is the funding rate, which is around -1.2% according to the data Iโm tracking. Thatโs an extreme imbalance and could potentially unwind if momentum starts fading.
Rather than chasing the move after a large red candle, Iโm watching the current zone for a possible short opportunity.
โ ๏ธ 20x leverage is extremely risky. Manage your position size and liquidation price carefully. DYOR & NFA.
#SAND #TheSandbox #SANDUSDT #Crypto #ShortSetup #Trading
Iโm watching a potential short entry around the current zone with 20x leverage.
๐ฏ TP: $0.051
๐ SL: $0.066
Why Iโm watching this setup ๐
๐ Open Interest is declining while price is pumping, which can signal that the move isnโt being supported by fresh leveraged positions.
โ ๏ธ The bigger warning is the funding rate, which is around -1.2% according to the data Iโm tracking. Thatโs an extreme imbalance and could potentially unwind if momentum starts fading.
Rather than chasing the move after a large red candle, Iโm watching the current zone for a possible short opportunity.
โ ๏ธ 20x leverage is extremely risky. Manage your position size and liquidation price carefully. DYOR & NFA.
#SAND #TheSandbox #SANDUSDT #Crypto #ShortSetup #Trading
