$SAND : Rejection at Key Supply Zone: Short Setup Activated
SHORT SETUP SAND
Entry: $0.07830 - $0.07849
Stop Loss: $0.08120
Take Profit: $0.07279 (2R)
Key Levels: Support $0.07658 | Resistance $0.08806
Technical Analysis for $SAND : Price sits just below the 1hour resistance and above EMA21, EMA50 and EMA200, showing bullish bias, but MACD has turned negative and the orderbook shows a slight sell imbalance. ADX 40 signals a strong trend. A break below the 0.07719 support could confirm the short, while a bounce off 0.0785 resistance would risk a reversal.
Market Context: BTC is in a 2.7% bearish swing and the broader market is broadly negative, adding pressure to altcoins like SAND.
SHORT $SAND
SHORT SETUP SAND
Entry: $0.07830 - $0.07849
Stop Loss: $0.08120
Take Profit: $0.07279 (2R)
Key Levels: Support $0.07658 | Resistance $0.08806
Technical Analysis for $SAND : Price sits just below the 1hour resistance and above EMA21, EMA50 and EMA200, showing bullish bias, but MACD has turned negative and the orderbook shows a slight sell imbalance. ADX 40 signals a strong trend. A break below the 0.07719 support could confirm the short, while a bounce off 0.0785 resistance would risk a reversal.
Market Context: BTC is in a 2.7% bearish swing and the broader market is broadly negative, adding pressure to altcoins like SAND.
SHORT $SAND
