【$SAND Signal】Long - 1H breakout above EMA20, strong buy pressure on the order book, signs of main force supporting the price

$SAND The 1H timeframe has stabilized above EMA20 (0.0840) and has closed with consecutive bullish candles. The current price is very close to the sell side of the order book (0.08472), with a large accumulation of buy orders around 0.0846, indicating strong willingness from the main force to support the price. Although the 4H timeframe is in consolidation, the latest candlestick closed above EMA20 (0.0843), and the Buy/Sell Ratio has remained above 0.5 for several hours, showing clear capital inflow. In a negative funding rate environment, open interest remains stable, with potential for short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0846 - 0.0848 (Reason: Support area above 1H EMA20, dense buy orders on the order book )

🛑Stop Loss: 0.0839 (Reason: Break below 1H EMA20 and the previous 1H candle low )

🚀Target 1: 0.0860 (Reason: Resistance at previous high on 4H timeframe )

🚀Target 2: 0.0875 (Reason: 1.618 Fibonacci extension level, corresponding to recent downtrend )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: 4H trend is not fully clear, this is a 1H momentum play )

- Execution strategy: After the price reaches 0.0860 (Target 1), reduce position by 50% and move stop loss to entry price 0.0846. Hold the remaining position for Target 2. If the price retraces and breaks below the moving stop loss, exit all positions.

Order book logic: Depth imbalance reaches 2.84%, buy pressure is significantly stronger. The 1H RSI (58.37) is in a healthy upward zone with no overbought pressure. Over the past 4 hours, the price has risen with buy ratio consistently above 0.5, and open interest remains stable, indicating not just short covering but active buying. Negative funding rate (-0.0148%) provides a favorable environment for a short squeeze. The key is whether the price can break through the sell pressure zone at 0.0849-0.0850.

Check real-time market 👇 $SAND

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