I’m opening a BIG SHORT on $SAND with a 20x leverage here.
TP: $0.065
SL: $0.0847
Take a look at how aggressively $SAND moved from roughly $0.065 into the $0.08 zone. These kinds of moves very quickly attract late buyers. Now the price is getting rejected from the highs, and if this weakness continues, the same buyers could become fuel for a move down until the stops start getting triggered.
That right there was the opportunity I was waiting for. I didn’t want another early short—I needed to see it first go higher.
Yesterday, $SAND “squeezed” me.
Today, I’m waiting to see if I can catch it from the top.
TP: $0.065
SL: $0.0847
Take a look at how aggressively $SAND moved from roughly $0.065 into the $0.08 zone. These kinds of moves very quickly attract late buyers. Now the price is getting rejected from the highs, and if this weakness continues, the same buyers could become fuel for a move down until the stops start getting triggered.
That right there was the opportunity I was waiting for. I didn’t want another early short—I needed to see it first go higher.
Yesterday, $SAND “squeezed” me.
Today, I’m waiting to see if I can catch it from the top.
