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This 55% short signal on SNDK is the trap most traders fall for.
$SNDK /USDT - SHORT
Trade Plan:
Entry: 1598.71 – 1610.57
SL: 1661.59
TP1: 1561.92
TP2: 1533.45
TP3: 1490.73
Why this setup?
4h bias is SHORT with only 55% confidence, while 1D trend is range. RSI on 15m is 54.66—neutral, not overbought. Entry at 1604.64 with tight ATR of 23.7 suggests a fakeout zone. Why now? Price is hovering near entry high (1610.57) but invalidates at 1656.39—a classic liquidity grab before a dump.
Debate:
Are we fading this weak short or waiting for a clear breakdown below 1598?