【$SAND Signal】1H breakout pullback confirmation, short-term short squeeze rebound

$SAND The 1H timeframe, after experiencing consecutive declines, formed a small double bottom around 0.0815 and broke through the short-term downtrend line and EMA20(0.0824) with increased volume. The current price is retesting the breakout level, with 1H RSI(62.6) remaining strong, and buy order depth (bid_ask_ratio_depth=1.79) significantly better than sell orders, indicating strong support below. Although the 4H timeframe is still in a bearish trend, the latest candle closed with a long lower shadow bullish candle, and open interest remains stable. In a negative funding rate environment, the price is not falling, suggesting a potential short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0838 - 0.0840 (Reason: Pullback after 1H breakout confirms support zone, EMA20_1H support)

🛑Stop Loss: 0.0822 (Reason: Break below 1H double bottom neckline and previous low support)

🚀Target 1: 0.0855 (Reason: Resistance at previous rebound high on the 4H timeframe)

🚀Target 2: 0.0870 (Reason: 4H EMA50 and previous accumulation zone)

🛡️Trade Management:

- Position size suggestion: Light position (Reason: 4H trend has not fully reversed, belongs to contrarian short-term trading)

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price 0.0840. Hold remaining position for Target 2; if price retraces and hits the moving stop loss, exit at breakeven.

Depth logic: Order book imbalance reaches 28.31%, buy orders significantly thicker than sell orders, indicating main force is defending the level or absorbing orders. The 1H buy/sell transaction ratio during the rally reaches 0.56, showing active buy dominance. Combined with a negative funding rate(-0.0192%) and stable open interest, short positions have high costs. If the price continues to strengthen, it may trigger short covering and further boost the rebound.

View real-time market 👇 $SAND

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