$SAND Short signal flashes as smart-money longs see two-thirds of their profits evaporate in two days
$SAND has continued to weaken over the past two days, wiping out two-thirds of smart-money longs’ unrealized profits. Two days ago, they were sitting on 890,000 in unrealized gains; today, only 300,000 remain. The number of profitable longs has plunged from over 320 to fewer than 150.
There are now around 400 longs in the market, and more than 250 of them are underwater. Profits are getting thinner, more positions are getting trapped, and the bulls’ confidence has already been drained.
If the market takes another step down, what little profit remains will disappear. Longs trapped at higher levels will have no choice but to panic-sell, and their stop-loss orders will become the strongest fuel for a sell-off.
The bulls’ defenses are already on the verge of collapse. Get short before the trapped positions build up on a large scale.
#SAND
$SAND has continued to weaken over the past two days, wiping out two-thirds of smart-money longs’ unrealized profits. Two days ago, they were sitting on 890,000 in unrealized gains; today, only 300,000 remain. The number of profitable longs has plunged from over 320 to fewer than 150.
There are now around 400 longs in the market, and more than 250 of them are underwater. Profits are getting thinner, more positions are getting trapped, and the bulls’ confidence has already been drained.
If the market takes another step down, what little profit remains will disappear. Longs trapped at higher levels will have no choice but to panic-sell, and their stop-loss orders will become the strongest fuel for a sell-off.
The bulls’ defenses are already on the verge of collapse. Get short before the trapped positions build up on a large scale.
#SAND