This one isn’t simple.
The metaverse sector collectively exploded—$SAND led the charge, up 76% in 24 hours. Volume hit 84 million, outright crushing other coins. I shorted one lot around 0.055, and now I’m buried so badly I can’t breathe. If this level breaks 0.085, I’ll cut immediately. MANA is up 21%, and ENJ is also up 17%. These big-name metaverse coins moving in sync this time isn’t a coincidence. Even GALA, with the smallest move, is still up more than 10%. A smaller coin like NIGHT being up 27% isn’t that crazy—the key is whether it can keep going.
This wave of SAND mainly rode the hype of the AI + metaverse narrative. The volume is big, but there are plenty of trapped sellers overhead—chasing in can easily get dumped on. Technically, 0.09 is a strong resistance level. Only if it clears can you look toward 0.12.
Can you chase it? No. Chasing this kind of rally on the short term is basically handing your head over. If you want to position, wait for a pullback to below 0.065.
Do you think this metaverse move is a rebound or a reversal?
#Write2Earn #Crypto
⚠️ Personal view only; not investment advice.
The metaverse sector collectively exploded—$SAND led the charge, up 76% in 24 hours. Volume hit 84 million, outright crushing other coins. I shorted one lot around 0.055, and now I’m buried so badly I can’t breathe. If this level breaks 0.085, I’ll cut immediately. MANA is up 21%, and ENJ is also up 17%. These big-name metaverse coins moving in sync this time isn’t a coincidence. Even GALA, with the smallest move, is still up more than 10%. A smaller coin like NIGHT being up 27% isn’t that crazy—the key is whether it can keep going.
This wave of SAND mainly rode the hype of the AI + metaverse narrative. The volume is big, but there are plenty of trapped sellers overhead—chasing in can easily get dumped on. Technically, 0.09 is a strong resistance level. Only if it clears can you look toward 0.12.
Can you chase it? No. Chasing this kind of rally on the short term is basically handing your head over. If you want to position, wait for a pullback to below 0.065.
Do you think this metaverse move is a rebound or a reversal?
#Write2Earn #Crypto
⚠️ Personal view only; not investment advice.