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...
The double bottom scenario could happen to BTC/USDT if it rebounds in the 34k-33k area. If that really happens, then we will see a bullish season in the near future.
However, if BTC/USDT doesn't rebound, it can continue the downtrend till 28k. There is strong support in the 28k area. If this support breaks, BTC/USDT will fall down more.
