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Most traders are still longing SNDK—here’s why that’s a trap.
$SNDK /USDT - SHORT
Trade Plan:
Entry: 1597.38 – 1609.66
SL: 1662.43
TP1: 1559.34
TP2: 1529.88
TP3: 1485.69
Why this setup?
• 4h bias is SHORT with 55% confidence, and the daily trend is stuck in a range, not a breakout.
• RSI on 15m is 62—overbought on a short timeframe, hinting at a local top.
• Entry zone at 1603.52 with a tight invalidation at 1653.62; the risk/reward favors TP1 at 1559.34 or lower.
Debate:
Are you betting on the bearish breakdown to TP2, or do you see a fakeout to the upside first?