🚨 SAND SHORTS ARE GETTING TRAPPED
🟢 #SAND Liquidated Short: $53.4K @ $0.0823
A fresh $53.4K short liquidation hit as SAND pushed higher — another sign that late sellers are being forced out while momentum remains elevated.
📈 Market structure: SAND has recently broken above the $0.065–$0.068 multi-month resistance area, with trading activity and open interest surging.
🔥 The key battle now:
$0.080–$0.082 — if bulls defend this zone, the short squeeze can continue.
🎯 Upside roadmap:
$0.085 → $0.090 → $0.100
⚠️ But watch the rejection:
A decisive loss of $0.080 could trigger profit-taking toward $0.075–$0.070.
🧠 My trading read:
Short-term bias remains bullish, but SAND is moving extremely fast and momentum indicators are elevated, so chasing a vertical candle carries higher pullback risk. The cleaner setup is a hold/retest of the breakout zone followed by another push higher. Current technical readings also show strong momentum, with RSI around the 70 area on some feeds.
⚡ Bottom line: Shorts are being squeezed — $0.080 is the line bulls need to protect for continuation.
⚠️ Trade the structure, not the emotion. Use confirmation and strict risk management..
🟢 #SAND Liquidated Short: $53.4K @ $0.0823
A fresh $53.4K short liquidation hit as SAND pushed higher — another sign that late sellers are being forced out while momentum remains elevated.
📈 Market structure: SAND has recently broken above the $0.065–$0.068 multi-month resistance area, with trading activity and open interest surging.
🔥 The key battle now:
$0.080–$0.082 — if bulls defend this zone, the short squeeze can continue.
🎯 Upside roadmap:
$0.085 → $0.090 → $0.100
⚠️ But watch the rejection:
A decisive loss of $0.080 could trigger profit-taking toward $0.075–$0.070.
🧠 My trading read:
Short-term bias remains bullish, but SAND is moving extremely fast and momentum indicators are elevated, so chasing a vertical candle carries higher pullback risk. The cleaner setup is a hold/retest of the breakout zone followed by another push higher. Current technical readings also show strong momentum, with RSI around the 70 area on some feeds.
⚡ Bottom line: Shorts are being squeezed — $0.080 is the line bulls need to protect for continuation.
⚠️ Trade the structure, not the emotion. Use confirmation and strict risk management..