【$SAND Signal】1H Level Oversold Rebound Play, Strong Market Support

$SAND The 1H level is building a short-term base around 0.0850. The price is declining but open interest remains stable, indicating selling pressure may be waning. The 4H level is still in a downtrend, but the 1H RSI (46.54) has exited the oversold zone, and the latest 1-hour candlestick shows a lower shadow, suggesting active buying above 0.0850. Market depth data shows buy-side dominance (bid_ask_ratio_depth: 1.23), with a large number of buy orders stacked around 0.0855, forming a short-term support wall.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0857 - 0.0860 (Reason: 1H EMA20 resistance zone, a breakout confirms short-term momentum )

🛑Stop Loss: 0.0849 (Reason: Break below the 1H platform’s previous low and dense buy zone )

🚀Target 1: 0.0875 (Reason: Previous minor high on the 4H level and EMA20 resistance )

🚀Target 2: 0.0890 (Reason: Resistance near the high on February 16 )

🛡️Trade Management:

- Position Size: Light (Reason: The 4H trend remains bearish; this is a counter-trend rebound play )

- Execution Strategy: When the price reaches 0.0875, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.0857. If the price cannot hold above 0.0865 (the 1H opening price resistance), consider exiting early.

Depth Logic: Price declines but open interest remains stable, indicating not major selling but more passive closing by longs. Negative funding rate (-0.0237%) may trigger short covering rebound. The 1H buy-side depth imbalance reaches 10.42%, with strong support below. Key is whether the price can hold above the 1H EMA20 (0.0859) and increase volume, signaling a short-term shift to strength.

View real-time market 👇 $SAND

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