🔴 $SAND Liquidated Long Alert 🚨
Over $65,600 in long positions were wiped out when #SAND crashed through $0.3305. Here’s what happened and what to watch next:
• Liquidation Price: $0.3305 💵
• Total Liquidated: $65.6K 💸
• Trigger: A sudden sell-off broke key support at $0.3350, cascading stop-losses ⚡
Why It Mattered:
• Stop-loss Cluster: Many traders had stops just below $0.3350—once that gave way, momentum accelerated.
• Volume Surge: A spike in sell volume confirmed the breakdown, creating a swift move down to $0.3305.
• Short-Term Support: Watch the $0.3250–$0.3280 zone; a hold there could stabilize prices.
What to Watch:
1. $0.3250 – Critical support; if this breaks, next target is $0.3200.
2. $0.3380 – Initial resistance; recovery above here signals buyers returning.
3. $0.3450 – Key hurdle; clearing this might push SAND back toward $0.3600.
🔍 Trading Tip:
Keep your stop-losses wide enough to avoid being swept out by quick spikes, but tight enough to protect capital. Consider scaling in around strong support levels.
Buy and Trade Here $SAND