Bears have set their sights on SNDK. Is 1720 a false breakout or the start of a real decline?



$SNDK /USDT - SHORT

Trade Plan:
Entry: 1712.10 – 1728.12
SL: 1797.02
TP1: 1662.43
TP2: 1623.97
TP3: 1566.29

Why focus on this structure?
Key signals for entering now:
- The 4H level clearly indicates SHORT, and the 1H reference price 1720.11 is a resistance level.
- RSI 15-minute 36.64, close to oversold but not yet rebounding, bearish momentum is still being released.
- Stop-loss set at 1797.02, with a reasonable risk-reward ratio; TP1 1662.43 is a recent support level.
Why now? Because the battle between bulls and bears near 1720 is intense, but the trend is bearish. Wait for a weak rebound to enter with the trend.

Discussion:
Will this wave reach TP2 1623 first, or a false bullish pullback to 1728? Which side are you on?
SNDK-9.26%
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