【$SAND Signal】Empty position waiting — Downtrend continuation, severe depth imbalance

$SAND Weak oscillation below EMA20 (0.0845), forming a downtrend continuation pattern on the 4H timeframe. Although there is a slight rebound, the depth imbalance is as high as -19.74%. The sell wall (0.0837-0.0838) is unusually thick, indicating significant selling pressure above. Funding rates are positive but open interest remains stable, indicating no short squeeze structure. The rebound lacks support from major capital inflows.

🎯Direction: Short (NoPosition)

The current market is a typical bull trap structure. The 4H candlestick repeatedly attempts to break above the 0.084-0.086 zone but is quickly pushed back. Buying strength (Bid/Ask Ratio 0.67) is weak and unable to form an effective breakout. RSI (44.48) is in a weak zone, with the price being suppressed by both EMA20 and EMA50, clearly indicating a downward trend.

Logically, the price repeatedly tests the key resistance zone (0.0845-0.085) but fails, and the order book shows institutions stacking large sell orders above 0.0837, aiming to suppress the rebound and possibly distribute. Until a volume-increasing bullish candle breaks above EMA20 with a significant rise in open interest, any rebound is a shorting or waiting opportunity, not a buy signal.

Trade here 👇 $SAND

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