$SAND /USDT – Resistance Rejection in Play, Risk of Pullback Ahead
SAND is up +4.63% but has just faced rejection near 0.2911 resistance, showing signs of potential short-term exhaustion.
Current Price: 0.2823
24H High: 0.2911
24H Low: 0.2618
Market Snapshot:
After a strong bullish leg, price action shows wick rejections at key resistance. Sellers are beginning to step in, and price is hovering below the supply zone. A pullback toward mid-supports is possible unless 0.2850 is flipped decisively.
Key Levels:
Immediate Resistance: 0.2911
Support Zone: 0.2750
Major Support: 0.2618
Short Trade Setup:
Entry Zone: 0.2823
Final Target: 0.2618
Stop Loss: 0.2911
Why This Setup Makes Sense: Price failed to close above resistance and is printing lower highs near the top—sign of bearish intent.
Risk Strategy: Consider partial profits at 0.2750, protect capital with SL above supply.
Take short trade here on $SAND
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