SNDK short signal flickers in and out—beware the bull-trap



$SNDK /USDT - SHORT

Trading Plan:
Entry: 1721.82 – 1744.36
SL: 1841.30
TP1: 1651.93
TP2: 1597.83
TP3: 1516.67

Why pay attention to this setup?
- A SHORT signal on the 4-hour timeframe has been triggered. The 15-minute RSI is at 69.56, nearing overbought, and short-term pullback pressure is rising.
- The current price is around 1733, with about 6% room to SL 1841, but TP1 1651 only needs a 4.7% drop—risk-reward looks reasonable.
- The 1D trend is range-bound, and the short entry is right near the resistance zone, suitable for trading a retracement.

Discussion:
Will this leg hit TP1 1651 first, or lure bulls in and blow up the shorts? Where have you set your SL?
SNDK3.51%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned