đš BIG SHORT SETUP on $SAND đš
Iâm watching a potential short entry around the current zone with 20x leverage.
đŻ TP: $0.051
đ SL: $0.066
Why Iâm watching this setup đ
đ Open Interest is declining while price is pumping, which can signal that the move isnât being supported by fresh leveraged positions.
â ïž The bigger warning is the funding rate, which is around -1.2% according to the data Iâm tracking. Thatâs an extreme imbalance and could potentially unwind if momentum starts fading.
Rather than chasing the move after a large red candle, Iâm watching the current zone for a possible short opportunity.
â ïž 20x leverage is extremely risky. Manage your position size and liquidation price carefully. DYOR & NFA.
#SAND #TheSandbox #SANDUSDT #Crypto #ShortSetup #Trading
Iâm watching a potential short entry around the current zone with 20x leverage.
đŻ TP: $0.051
đ SL: $0.066
Why Iâm watching this setup đ
đ Open Interest is declining while price is pumping, which can signal that the move isnât being supported by fresh leveraged positions.
â ïž The bigger warning is the funding rate, which is around -1.2% according to the data Iâm tracking. Thatâs an extreme imbalance and could potentially unwind if momentum starts fading.
Rather than chasing the move after a large red candle, Iâm watching the current zone for a possible short opportunity.
â ïž 20x leverage is extremely risky. Manage your position size and liquidation price carefully. DYOR & NFA.
#SAND #TheSandbox #SANDUSDT #Crypto #ShortSetup #Trading
