I've been watching SAND struggle at this level for two days. The RSI reading of 26.6 tells me the selling pressure is still heavy, and with both EMAs sitting above price, there's no bullish momentum to flip this trend.
The risk-to-reward on this short is roughly 1:3 if we reach TP1, which makes it a clean setup for a scalp. Are you comfortable shorting into oversold territory or do you wait for a bounce to sell higher?
Not financial advice. Always manage your risk.
#SAND #ShortSetup #Bearish #Crypto #Trading
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