$SAND Analysis – Short Squeeze Incoming?
A sharp short liquidation worth $2,167.9 occurred at the key level of $0.2728, indicating that bears were caught off guard and forced to close their positions. This could be the spark for a bullish momentum shift.
Technical Analysis – $SAND /USDT
Trend: Neutral to Bullish (early signs of reversal after the liquidation flush)
Key Observations:
Price reacted aggressively around $0.2728, indicating a demand zone activated by short liquidation.
Volume surged slightly, confirming interest from bulls reclaiming control.
Historical support at $0.2700–$0.2740 region has held firm multiple times.
Buy Zone
$0.2680 – $0.2740
Ideal entry if price retests this zone with a healthy consolidation or wick rejection. A confirmation candle on the 1H or 4H chart above $0.2750 increases conviction.
Targets
Target 1: $0.2880 – Minor resistance level
Target 2: $0.3025 – Psychological level and mid-term supply zone
Target 3: $0.3170 – Previous breakdown zone and trend reversal confirmation level
Stop Loss
Below $0.2630
Placing a stop here gives room for minor volatility while protecting capital from deeper downside.
Summary
With shorts being liquidated and demand holding above $0.2728, $SAND may be setting up for a bullish breakout. Watch for confirmation around the buy zone. If volume continues to rise with bullish structure, this could be a profitable swing setup.