SAND repeatedly found support around 0.134 twice without breaking below, clearly forming a double bottom pattern, and this support level appears to be quite solid. Recently, several candlesticks have shown increased volume, and the price has started to rebound upward. More importantly, the short-term moving averages have turned upward, showing signs of a golden cross. What does this indicate? It suggests that the buying pressure below this price level is quite strong, and it is unlikely to fall further in the short term.



From a technical perspective, there is a chance for a rebound rally to the upside, with the target potentially set near the previous high of 0.1447. However, remember to manage risks properly when trading, and setting a stop-loss at 0.138 would be more prudent.
SAND2.99%
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PoolJumper
· 01-23 04:52
I'm optimistic about this double bottom wave. The support at 0.134 is solid, and trading volume has also increased. Let's push for a rebound towards 0.1447.
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NewDAOdreamer
· 01-20 19:43
The double bottom has stabilized, and increasing volume means it's speaking. The feeling of this rebound is coming.
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GateUser-a606bf0c
· 01-20 06:27
The double bottom is so obvious, and the buying pressure is quite strong. Looking forward to this rebound breaking through 0.1447.
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RektRecorder
· 01-20 05:49
The double bottom does have some potential, but whether the support at 0.134 can hold depends on the subsequent trading volume. Simply increasing volume for a rebound is not enough.
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MagicBean
· 01-20 05:42
The idea that a double bottom formation indicates strong buying pressure is getting tired, and I'm just worried that the rebound will be cut short and drop again.
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SeeYouInFourYears
· 01-20 05:37
Double bottom is indeed interesting, but can this wave push up to 0.1447? It feels a bit uncertain.

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Volume expansion is a signal; buying pressure is strong. Short-term outlook is not bearish.

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Stop loss at 138, target 1447. The ratio is okay. Let's gamble a little.

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Golden cross? Then let's wait and see, don't rush to buy.

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Support at 0.134 is so solid, indicating that some people still have confidence.

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Another double bottom and a golden cross, sounds good but can it be realized?

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A rebound is possible, but don't be too greedy, everyone.

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Strong buying pressure is a fact, and the technical chart also looks good.
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MevWhisperer
· 01-20 05:29
The double bottom is indeed stable, and the volume matches nicely. It looks like this wave at 0.1447 could go higher.
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TokenomicsTherapist
· 01-20 05:24
Double bottom, this time I feel there's some potential, but we still have to wait for a breakout to confirm.
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