SANDUSDT ! The price goes down in steps

28 במאי 2022

SANDUSDT continues to fall. The price moves down in "steps" when under the consolidation, after the breakdown of support, a new consolidation is formed, which uses the previously broken support as resistance. This indicates a strong trend. There are no deep pullbacks that could break the level up. Therefore, there is no buyer.

A new local consolidation 1.5300 - 1.0492 has formed on the chart. There is local support and the price on the lower timeframe forms a pressure to this level.

I assume a breakdown of support and a subsequent fall in prices along the trend. In the short term, I am interested in the target of 1.0492, and in the medium term, the support of 0.7480

Respectfully R.Linda!