🚀 $SAND
SHORT SETUP 🚀
SAND dumped from $0.08809 and has been grinding lower since, making lower highs under a flat-to-falling 99 MA. Price is now bouncing weakly near $0.0652 after losing the $0.0640 area. I’m watching for a short on a push back up into the 25 MA resistance, not chasing the current candle. 📉
Entry: $0.06640 – $0.06700
TP1: $0.06500
TP2: $0.06400
TP3: $0.06250
SL: $0.06820
🔻 Why SAND is on watch:
Price ($0.06521) is above the 7 MA ($0.06479) but under the 25 MA ($0.06646) and the 99 MA ($0.07002), with the 25 MA sloping down and acting as overhead resistance The structure shows lower highs since the $0.08809 peak, and the bounce toward $0.0670 was rejected, so the recovery looks corrective inside a downtrend The latest candles are small and the volume is very thin, a sign the bounce has no real buying behind it The $0.06400 to $0.06450 area is the first support, with the $0.05852 low far below it. A 1H close under $0.06400 would confirm sellers are taking over
⚠️ Price is already bouncing off the 7 MA, so wait for a rally into the 25 MA zone. A clean 1H close above $0.06820 would invalidate the setup. Respect the stop and don’t chase if price doesn’t reach the entry zone.
Not financial advice. DYOR.
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SHORT SETUP 🚀
SAND dumped from $0.08809 and has been grinding lower since, making lower highs under a flat-to-falling 99 MA. Price is now bouncing weakly near $0.0652 after losing the $0.0640 area. I’m watching for a short on a push back up into the 25 MA resistance, not chasing the current candle. 📉
Entry: $0.06640 – $0.06700
TP1: $0.06500
TP2: $0.06400
TP3: $0.06250
SL: $0.06820
🔻 Why SAND is on watch:
Price ($0.06521) is above the 7 MA ($0.06479) but under the 25 MA ($0.06646) and the 99 MA ($0.07002), with the 25 MA sloping down and acting as overhead resistance The structure shows lower highs since the $0.08809 peak, and the bounce toward $0.0670 was rejected, so the recovery looks corrective inside a downtrend The latest candles are small and the volume is very thin, a sign the bounce has no real buying behind it The $0.06400 to $0.06450 area is the first support, with the $0.05852 low far below it. A 1H close under $0.06400 would confirm sellers are taking over
⚠️ Price is already bouncing off the 7 MA, so wait for a rally into the 25 MA zone. A clean 1H close above $0.06820 would invalidate the setup. Respect the stop and don’t chase if price doesn’t reach the entry zone.
Not financial advice. DYOR.
🔔 Follow CoinDispatch for more daily trade setups and market updates!