$SAND This coin has an excellent range for setting up a 🔴 short 🔴 position. The range is 0.065-0.07.
At the level of 0.07 there is an accumulation zone, and if the coin finds the strength to reach that point, most likely at around 0.07 it will encounter strong resistance. This should become your final target for the entry; set a stop-loss slightly above this price.
For those with strong risk management, you can start the entry right now, since there is a sharp drop in volumes and liquidity above is not especially good, and the coin might not even reach the 0.065 level.
But there’s a nuance: the funding is quite large, but right now it’s charged every 8 hours, which isn’t too scary—however, you need to keep an eye on it.
If the funding starts decreasing over time and the coin doesn’t show significant movement, you will need to close the position.
At the level of 0.07 there is an accumulation zone, and if the coin finds the strength to reach that point, most likely at around 0.07 it will encounter strong resistance. This should become your final target for the entry; set a stop-loss slightly above this price.
For those with strong risk management, you can start the entry right now, since there is a sharp drop in volumes and liquidity above is not especially good, and the coin might not even reach the 0.065 level.
But there’s a nuance: the funding is quite large, but right now it’s charged every 8 hours, which isn’t too scary—however, you need to keep an eye on it.
If the funding starts decreasing over time and the coin doesn’t show significant movement, you will need to close the position.
