$SAND is down 7.0 percent today and you need to ask who is selling it here
When a coin sits at just 4 percent of its daily range and volume dries up to 0.4x the average trapped longs are bailing
They bought the green candle higher up and now they are panicking to salvage whatever scrap remains
That is why chasing green candles hurts because you are just exit liquidity for someone who got in way before you
The hourly RSI sits down at 37 and the hourly swings move 1.7 percent meaning the bleed has no real bid underneath it yet
Wait for volume to actually return before you touch any chart that looks like this
Tap $SAND and check the hourly chart yourself
What is your exact rule for avoiding the trap on a falling knife
#SAND #TradingTips
When a coin sits at just 4 percent of its daily range and volume dries up to 0.4x the average trapped longs are bailing
They bought the green candle higher up and now they are panicking to salvage whatever scrap remains
That is why chasing green candles hurts because you are just exit liquidity for someone who got in way before you
The hourly RSI sits down at 37 and the hourly swings move 1.7 percent meaning the bleed has no real bid underneath it yet
Wait for volume to actually return before you touch any chart that looks like this
Tap $SAND and check the hourly chart yourself
What is your exact rule for avoiding the trap on a falling knife
#SAND #TradingTips