TradeCityPro | SAND: Critical Support Test After Pullback👋 Welcome to TradeCity Pro!
In this analysis, I want to review the SAND coin for you. It’s one of the most popular Metaverse projects, widely recognized and among the top in its category.
✔️ This project’s coin currently holds a market cap of $693 million and ranks 91st on CoinMarketCap.
⏳ 4-Hour Timeframe
As you can see on the 4H chart, after a bullish leg that pushed the price up to 0.3140, a correction phase began. Following the break of 0.2903, the price has now corrected down to 0.2714.
🔍 If this 0.2714 level breaks, the price could continue down to the support at 0.2437 — so a break below 0.2714 would be a valid short entry.
👀 Personally, I prefer waiting for the price to first bounce off 0.2714, move upward, and print a lower high relative to 0.2903, then break 0.2714 on a second attempt. In that case, the short setup becomes much more reliable.
🔽 That said, even if the level breaks now without a bounce — since RSI is already near the oversold zone — I’ll still open a short. If RSI enters oversold, it could lead to a sharp drop.
⚡️ One negative factor for short positions is that volume has been decreasing since the price started correcting from 0.3140, which isn't a good signal for further downside — there’s a divergence between price and volume.
📈 However, that’s a positive signal for potential long positions. When volume drops during a correction in an uptrend, it shows buyers still have control. As long as this divergence persists, the uptrend is more likely to continue than to reverse.
📊 For long positions, if buying volume enters the market and the price holds above 0.2714, you can enter based on lower-timeframe structure breaks. The main long entry will be confirmed once the price breaks above the 0.3140 high.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
