$SAND is still under pressure and the price is riding the lower side of the Bollinger Bands, which tells us the short-term trend is still bearish. There’s no real relief bounce yet and sellers are clearly keeping control for now.

From here it’s simple: either we get a bounce from this lower BB area, or the price keeps sliding lower. If we do see a bounce, the key thing to watch will be a clean break back above the middle Bollinger line. That’s the level buyers need to reclaim to shift momentum and make a proper long idea valid. Until that happens, it’s still a wait for confirmation of the spot. #SANDPriceAnalysis