$SAND Short Liquidation Alert.

A massive short liquidation just hit $SAND With a whopping $24.909K being liquidated at the price of $0.6369, the market is feeling the pressure.

This signals a significant price action and a potential change in momentum. Here's everything you need to know:

Short Liquidation Details:

Liquidation Amount: $24.909K

Price at Liquidation: $0.63706

Impact: This kind of large liquidation can create a ripple effect, triggering price volatility and potential short squeezes. When short positions are forced to close, buying pressure can push the price higher, leading to more liquidations.

What’s Next.

If the $SAND price holds above this liquidation level, we might see a continuation of upward momentum as shorts get squeezed out.

Keep an eye on any support/resistance zones for future entry points or potential sell-offs.

Volatility is high right now, so trade carefully and watch for further liquidations that could impact the market even more.

Quick Technical Insights:

Support: Watch for $0.63 to hold as a potential support level.

Resistance: Keep an eye on $0.65-$0.67 as immediate resistance.

Target: If the momentum shifts, potential targets are $0.70+.

Stop-loss: Consider placing stop-loss around $0.625 for risk management.

Caution: The market can be volatile, so always stay updated with news and closely monitor price action for sudden moves.

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