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Can the main force really dare to short SNDK?
$SNDK /USDT - SHORT
Trade Plan:
Entry: 1559.94 – 1582.18
SL: 1677.84
TP1: 1490.97
TP2: 1437.58
TP3: 1357.49
Why focus on this structure?
- 4H bearish signal confirmed, entry at 1571.06, TP1 at 1490.97, risk/reward ratio over 2:1.
- 15-minute RSI at 54.55, not oversold, bears still have room to push lower.
- 1D trend is sideways, but bearish confidence at 55%, suitable for a pullback swing.
Discussion:
Will it hit TP2 first, or is it a bull trap?