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Most traders ignore $SNDK /USDT right now—that’s exactly why I’m watching for a breakdown.
$SNDK /USDT - SHORT
Trade Plan:
Entry: 2200.58 – 2204.48
SL: 2221.28
TP1: 2188.47
TP2: 2179.09
TP3: 2165.03
Why this setup?
RSI on 15m is oversold at 31.52, but the 4h bias is SHORT with 55% confidence. Price is hovering near entry at 2202.53 in a range-bound 1D trend—no bullish reversal signal yet. The ATR on 1h is tight at 7.8, suggesting a squeeze is imminent. Why now? Because oversold in a short bias often traps buyers before a drop to TP1 at 2188.47.
Debate:
Is this oversold bounce a trap for longs, or are we about to see a fakeout below 2200?