SNDK's 4H bearish signal, is it a trap or a real opportunity?



$SNDK /USDT - SHORT

Trade Plan:
Entry: 1669.01 – 1686.05
SL: 1759.35
TP1: 1616.17
TP2: 1575.26
TP3: 1513.90

Why pay attention to this structure?
- The 1D trend is in consolidation, while the 4H gives a SHORT direction, the signal is weak but clear.
- RSI on the 15m is at 51.48, not overbought, there is still room for a short-term decline.
- TP1 is at 1616, only 3.6% away from the current 1677, with a risk-reward ratio of 1:2, suitable for quick in and out.

Discussion:
Do you think it will reach TP2 at 1575 first, or will it fake out and bounce?
SNDK-5.96%
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