SNDK's RSI has dropped to 38. Is this a bottom fishing or catching a falling knife?



$SNDK /USDT - Long LONG

Trading Plan:
Entry: 1641.85 – 1658.91
SL: 1543.87
TP1: 1730.26
TP2: 1783.52
TP3: 1863.40

Why pay attention to this structure?
- The current 4h level signal is clearly bullish, with 77% confidence, and the entry reference is 1650.38.
- 15m RSI is only 38.23, in the oversold zone, and rebound momentum is brewing.
- 1h ATR is 34.13, volatility is moderate, TP1 target 1730 (+5%), TP2 1783 (+8%).
- Why now? Within the daily oscillation range, low RSI combined with bullish signals forms a typical counter-trend entry point.

Discussion:
Will this rebound reach TP1 1730, or will it first break through SL 1543?
SNDK-9.70%
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