Brothers, SAND this wave was absolutely ruthless. In 24 hours it went from 0.0423 to 0.0718, straight up by 50%. Now it has pulled back to around 0.064, and many people are asking whether they can chase it. Let me state the conclusion first: I won’t chase it at this level. The reason isn’t that it’s already pumped too much—it’s that the funding rate is already insanely negative.
First, let’s look at the data. The funding rate is -0.4707%. On every 4-hour period, shorts have to pay longs a fee of 0.47%. This is extremely rare among major coins. It means this rally has already blown up the shorts. But even now, there are still a lot of shorts stubbornly holding on—willing to keep paying such high fees and not closing positions.
Next, the long/short ratio. The number of big-holder accounts long/short dropped from 3.17 straight to 0.77. The long/short positions ratio fell from 2.93 to 1.09. The number of longs/shorts also crashed from 2.30 to 0.92. All three metrics are plummeting—what does that indicate? Longs are taking profit and closing out, while shorts are getting liquidated or forced to close. This is a textbook short-squeeze move.
Position size jumped from 255 million to 831 million—more than triple. The active buying amount shows green bars far larger than the red bars, meaning the buy-side is genuinely intense. But here’s the problem too: the volume has already been pushed to the limit. After this, how much incremental capital is still there to absorb the moves?
Looking at the candlestick RSI: 1-hour RSI is 61/70/72, 4-hour RSI is 74/73.8/71, and daily RSI is 91.87. It’s already severely overbought. The price has fallen from 0.0718 back to 0.064, a pullback of roughly 10%, which suggests that sell pressure from above is starting to show.
If it retraces to around 0.058–0.060, volume dries up and selling stops, and then it reclaims above 0.062, try small-sized longs. Set a stop loss below 0.055. First target: 0.068, then look for 0.072.
If it breaks above 0.072 with a direct surge in volume, doesn’t fail on the pullback, then follow the long. Stop loss below 0.068, target 0.078+.
If it breaks below 0.055 and the rebound can’t get back, then the long thesis fails—wait for a deeper retracement.
But honestly, at this level chasing longs has a very poor risk/reward. With funding this negative, there could be another round of wicks up and down at any time, sweeping both sides of longs and shorts. I’d rather wait for it to cool off, see funding rates normalize, and watch whether position size stabilizes.
Do you think this SAND move is just getting started, or has it already reached the end?
#SAND $SAND
First, let’s look at the data. The funding rate is -0.4707%. On every 4-hour period, shorts have to pay longs a fee of 0.47%. This is extremely rare among major coins. It means this rally has already blown up the shorts. But even now, there are still a lot of shorts stubbornly holding on—willing to keep paying such high fees and not closing positions.
Next, the long/short ratio. The number of big-holder accounts long/short dropped from 3.17 straight to 0.77. The long/short positions ratio fell from 2.93 to 1.09. The number of longs/shorts also crashed from 2.30 to 0.92. All three metrics are plummeting—what does that indicate? Longs are taking profit and closing out, while shorts are getting liquidated or forced to close. This is a textbook short-squeeze move.
Position size jumped from 255 million to 831 million—more than triple. The active buying amount shows green bars far larger than the red bars, meaning the buy-side is genuinely intense. But here’s the problem too: the volume has already been pushed to the limit. After this, how much incremental capital is still there to absorb the moves?
Looking at the candlestick RSI: 1-hour RSI is 61/70/72, 4-hour RSI is 74/73.8/71, and daily RSI is 91.87. It’s already severely overbought. The price has fallen from 0.0718 back to 0.064, a pullback of roughly 10%, which suggests that sell pressure from above is starting to show.
If it retraces to around 0.058–0.060, volume dries up and selling stops, and then it reclaims above 0.062, try small-sized longs. Set a stop loss below 0.055. First target: 0.068, then look for 0.072.
If it breaks above 0.072 with a direct surge in volume, doesn’t fail on the pullback, then follow the long. Stop loss below 0.068, target 0.078+.
If it breaks below 0.055 and the rebound can’t get back, then the long thesis fails—wait for a deeper retracement.
But honestly, at this level chasing longs has a very poor risk/reward. With funding this negative, there could be another round of wicks up and down at any time, sweeping both sides of longs and shorts. I’d rather wait for it to cool off, see funding rates normalize, and watch whether position size stabilizes.
Do you think this SAND move is just getting started, or has it already reached the end?
#SAND $SAND
