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$SAND in a Clear Downtrend
Recent K-line data confirms strong bearish control. High volume accompanies downside moves (≈40M during breaks below 0.130), while rebounds show weaker volume—classic sell-pressure dominance. The latest 1H candle printed heavy volume (40.37M) as price tested the 24h low, signaling possible capitulation.
📉 Flow Data Confirms Weakness
Contracts (24h): −6.1M USDT
Spot (24h): −617K USDT
Contracts (1h): −1.95M USDT
Accelerating outflows point to sustained selling pressure and limited buyer interest.
🔻 Short Setup –
$SAND Entry:
• Rebound into resistance 0.129–0.130 USDT, or
• Breakdown below key support 0.124 USDT
Note: Current price is too close to support—waiting for a pullback offers better risk–reward.
Stop Loss: 0.135 USDT (if entering near 0.130)
Target: 0.120 USDT (aligned with support near 0.122)
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Cheers 🍻
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