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SNDK long-short critical point, RSI has dropped to 26!
$SNDK /USDT - Long LONG
Trading plan:
Entry: 1652.24 – 1669.46
SL: 1553.34
TP1: 1741.48
TP2: 1795.23
TP3: 1875.86
Why pay attention to this structure?
- 15-minute RSI is only 26.06, severely oversold, a rebound is imminent.
- 4-hour direction is clearly LONG, 1-hour support at 1660.53, current price around 1660.85.
- High probability of bear trap, TP1 1741 is right ahead.
Discussion:
Will this wave first reach TP2 1795, or will it trap bulls and retrace before boarding?