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Why SNDK just flashed the same setup that trapped 90% of bulls last month.
$SNDK /USDT - SHORT
Trade Plan:
Entry: 2278.5 – 2286.1
SL: 2330.1
TP1: 2246.5
TP2: 2222.6
TP3: 2186.7
Why this setup?
RSI on 15m hit 70.03—overbought in a range. 4h bias is SHORT with 77% confidence. Entry zone at 2282.3 with tight ATR of 15.3 means momentum is fading. TP1 at 2246.5 is the first logical target before trend exhaustion.
Debate:
Is this a short squeeze trap or the start of a 4% dump to TP3?