【$SAND Signal】1H strong breakout, main force supports the market, pullback is a buying opportunity

$SAND 1H level strongly breaks above EMA20 and stabilizes, creating a recent high, momentum is strong. The 4H level has broken above the downtrend line and is above EMA50, forming a multi-timeframe bullish resonance. Open interest remains stable, and the price has not experienced large-scale liquidations during the rise, indicating that the main force is supporting the market rather than short sellers stepping on the brakes. Currently, the 1H RSI is overbought, so chasing the high is not advisable. Waiting for a pullback presents a sniper opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0888 - 0.0890 (Reason: 1H EMA20 dynamic support and previous small platform resistance turning into support )

🛑Stop Loss: 0.0875 (Reason: Break below the 4H breakout bullish candle low and EMA50 support )

🚀Target 1: 0.0915 (Reason: Previous high resistance and 1.272 Fibonacci extension level )

🚀Target 2: 0.0935 (Reason: 1.618 Fibonacci extension level and psychological round number )

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: Multi-timeframe resonance, risk-reward ratio >1.5 )

- Execution strategy: After reaching Target 1, reduce position by 50% and lock in profits, move the stop loss of the remaining position up to the entry price. If the price strongly breaks above 0.0915, move the remaining position's stop loss to break even and hold for greater profit.

Deep logic: After completing a double bottom structure in the 4H timeframe in the 0.082-0.083 zone, volume increased, indicating a clear bottom reversal signal. The buy order depth on the 1H chart is accumulated around 0.0893, providing immediate support. Although the 1H RSI is as high as 70, open interest remains stable, and the funding rate is only 0.003%, showing no signs of overheating. After a pullback, there is still upward momentum. The order book shows sell walls around 0.0895-0.0900; once absorbed, the upward space will open.

Trade here 👇 $SAND

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