SAND/USDT could perform double bottom. This scenario could happen if SAND/USDT rebound in the support area. You can open a long position in a 2-2.5 area.
That could be a little rejection from the trendline. However, if SAND/USDT could break the trendline, we will see bullish candles soon.
This trade really depends on BTC movement. Currently, there is a war between Russia and Ukraine. The market can fall more. Therefore, we need to use strict stop-loss. The stop-loss should be around 1.9 area.
If you want to trade safety, you can wait for the candlestick to break the neckline. It should be in a 4.8 area.
That could be a little rejection from the trendline. However, if SAND/USDT could break the trendline, we will see bullish candles soon.
This trade really depends on BTC movement. Currently, there is a war between Russia and Ukraine. The market can fall more. Therefore, we need to use strict stop-loss. The stop-loss should be around 1.9 area.
If you want to trade safety, you can wait for the candlestick to break the neckline. It should be in a 4.8 area.