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?
SNDK5.52%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned