$SAND has rebounded to $0.0605, gaining over 11% after recovering from the $0.0530–$0.0540 demand zone. However, the broader 1-hour structure remains weak, and the recent spike is facing the possibility of a deeper pullback.
Price could revisit demand around $0.0540 before attempting another recovery. If buyers defend this zone, a renewed move upward could develop, while the $0.0670–$0.0680 region remains the major resistance to watch.
Failure to hold demand would put further downside in focus. For now, the reaction around $0.0540 will be important in determining whether this bounce can develop into a stronger recovery or fade.
#sand
Price could revisit demand around $0.0540 before attempting another recovery. If buyers defend this zone, a renewed move upward could develop, while the $0.0670–$0.0680 region remains the major resistance to watch.
Failure to hold demand would put further downside in focus. For now, the reaction around $0.0540 will be important in determining whether this bounce can develop into a stronger recovery or fade.
#sand