$SAND is knocking on its range top đ
+10% in 24h to ~$0.0640. But $0.0666â0.0678 rejected it twice (Oct 17 and today). This afternoon it wicked to $0.0617 and got bought.
This is futures-led. Perp funding is ~-0.66% per 4h and open interest is ~3x since Oct 17 morning. Shorts are crowded. Fuel above $0.0678, fragile below it. Gaming peers are red today, so SAND is moving alone.
Wilder RSI(14) 1D ~57 / 4H ~62. Warm, not overheated.
My plan:
đą Bid $0.0624â0.0636 (add $0.0582â0.0603)
đŻ TP1 $0.0666â0.0678 / TP2 $0.0700â0.0725
đŽ Out on a 4H close below $0.0575
RR from ~$0.0630 (risk ~9%) is thin: ~0.6â0.8R / ~1.2â1.7R. With the add (avg ~$0.0611): ~1.4â1.8R / ~2.3â3.0R.
I only chase a 4H close above $0.0678 with volume.
Retest buy, or wait for the breakout close? đ
NFA, DYOR.
+10% in 24h to ~$0.0640. But $0.0666â0.0678 rejected it twice (Oct 17 and today). This afternoon it wicked to $0.0617 and got bought.
This is futures-led. Perp funding is ~-0.66% per 4h and open interest is ~3x since Oct 17 morning. Shorts are crowded. Fuel above $0.0678, fragile below it. Gaming peers are red today, so SAND is moving alone.
Wilder RSI(14) 1D ~57 / 4H ~62. Warm, not overheated.
My plan:
đą Bid $0.0624â0.0636 (add $0.0582â0.0603)
đŻ TP1 $0.0666â0.0678 / TP2 $0.0700â0.0725
đŽ Out on a 4H close below $0.0575
RR from ~$0.0630 (risk ~9%) is thin: ~0.6â0.8R / ~1.2â1.7R. With the add (avg ~$0.0611): ~1.4â1.8R / ~2.3â3.0R.
I only chase a 4H close above $0.0678 with volume.
Retest buy, or wait for the breakout close? đ
NFA, DYOR.