$SAND Today I have to talk about this market setup—it’s really weird.
In seven days it has risen by more than 60%. Today the daily chart barely moved—only up a little more than 1%. But when you look at the trading volume, it’s basically the same as usual: 1.1 times. That’s like nothing has happened.
A single 63% bullish candle is hanging in front. Today the price crawled up to 0.0719, but below it there’s nobody stepping in. After the rise, who’s going to take over? With no volume, it means no one believes this move can continue.
My read is simple: this long K-line is from the prior push. Today isn’t a startup—it’s a pause with little interest. If you already hold it, check your cost basis. If you don’t hold and you chase at this point, you’re basically lifting the cab for the profit-takers from the previous week. I’ll just watch from the side. If it falls back, I’ll wait for the level where buyers step in. These old “Metaverse” coins suddenly do something like this—most likely someone is causing trouble, not someone actually working.
$SAND
In seven days it has risen by more than 60%. Today the daily chart barely moved—only up a little more than 1%. But when you look at the trading volume, it’s basically the same as usual: 1.1 times. That’s like nothing has happened.
A single 63% bullish candle is hanging in front. Today the price crawled up to 0.0719, but below it there’s nobody stepping in. After the rise, who’s going to take over? With no volume, it means no one believes this move can continue.
My read is simple: this long K-line is from the prior push. Today isn’t a startup—it’s a pause with little interest. If you already hold it, check your cost basis. If you don’t hold and you chase at this point, you’re basically lifting the cab for the profit-takers from the previous week. I’ll just watch from the side. If it falls back, I’ll wait for the level where buyers step in. These old “Metaverse” coins suddenly do something like this—most likely someone is causing trouble, not someone actually working.
$SAND