⚡ One chart stood out this evening: SAND. The red line that kills it is on the image.
BTC is still in risk-on mode, so alts get a fair hearing today.
$SAND leads the alts with a B grade. Structure says continuation, price is 0.07504, and our red line sits at 0.0496 (34% away). Decent room above the line. That line has been on our record since 03 Oct - we don't move it.
The rest (BTC, ETH, SOL, ZEC, WLD and 3 others) are hanging in as C grades. Fine, not special.
Skipped 2 this time. NEAR has hack talk in the headlines. QNT's open interest jumped 338% in a week - that's a crowd, not a clean setup.
Running tally: 21 setups logged, 2 confirmed, 1 invalidated, 18 still open.
Quick reminder of how this works: every setup gets one red line. Close below it and we log it as wrong, publicly.
Which red line gives way first - SAND (0.0496) or ETH (2,600)? 👇
Structure research only, not investment advice. Crypto Edge · rkkiran4me@gmail.com
#CryptoEdge #MarketStructure
BTC is still in risk-on mode, so alts get a fair hearing today.
$SAND leads the alts with a B grade. Structure says continuation, price is 0.07504, and our red line sits at 0.0496 (34% away). Decent room above the line. That line has been on our record since 03 Oct - we don't move it.
The rest (BTC, ETH, SOL, ZEC, WLD and 3 others) are hanging in as C grades. Fine, not special.
Skipped 2 this time. NEAR has hack talk in the headlines. QNT's open interest jumped 338% in a week - that's a crowd, not a clean setup.
Running tally: 21 setups logged, 2 confirmed, 1 invalidated, 18 still open.
Quick reminder of how this works: every setup gets one red line. Close below it and we log it as wrong, publicly.
Which red line gives way first - SAND (0.0496) or ETH (2,600)? 👇
Structure research only, not investment advice. Crypto Edge · rkkiran4me@gmail.com
#CryptoEdge #MarketStructure
