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Most traders think SNDK is safe here, but the 4h data reveals a hidden trap forming.
$SNDK /USDT - SHORT
Trade Plan:
Entry: 2091.64 – 2103.88
SL: 2156.49
TP1: 2053.71
TP2: 2024.35
TP3: 1980.30
Why this setup?
RSI on 15m sits at 51.13, signaling zero momentum for a breakout. ATR of 24.47 shows low volatility, meaning a sharp move is brewing. With TP1 at 2053.71 and TP2 at 2024.35, the short bias targets a -3.5% drop before resistance at 2103.88. The 1D range trend confirms no bullish escape.
Debate:
Is SNDK heading to TP2 or will it fake out above 2103.88 first?