【$SAND Signal】Empty position, waiting for key support confirmation

$SAND is weakly consolidating below EMA20, with deep imbalance indicating heavy selling pressure, forming a downtrend continuation pattern.

🎯 Direction: Empty position

Market analysis: Price continues to trade below EMA20 (0.0864), with 4H candles closing below the moving average, indicating a bearish dominance. Deep imbalance at -24.22%, with ask orders significantly thicker than bid orders, showing clear selling pressure above. Funding rate is -0.0298%, negative, but open interest (OI) remains stable, indicating no short squeeze, just a generally bearish market outlook.

Hardcore logic: RSI at 43.36 is in the weak zone but not oversold. ATR at 0.0024 shows average volatility. The key issue is that the price has not effectively broken above EMA20, and the order book shows a dense sell wall in the 0.0850-0.0851 range (over 100,000 USDT combined), forming a strong resistance.

Currently, there are no clear bullish signals: 1) No volume breakout candle above EMA20 with stabilization. 2) No retest of the previous low around 0.0786 as support. 3) Buying absorption signs are not obvious; the latest 4H candle buy/sell ratio is 0.49, indicating weakness.

Strategy: Be patient. Ideal bullish conditions require: 1) Price volume breakout and stabilization above 0.0865 (EMA20 and local high), or 2) a volume decrease and retest of the previous low support zone at 0.0800-0.0786 with signs of buy absorption (buy/sell ratio > 1.2). Neither condition is met currently, so holding a neutral position is the highest probability choice.

Trade here 👇 $SAND

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