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Bear trap or real drop? SNDK short-term signal is on.
$SNDK /USDT - Short SHORT
Trade Plan:
Entry: 1679.93 – 1702.01
SL: 1796.95
TP1: 1611.48
TP2: 1558.49
TP3: 1479.00
Why focus on this structure?
- 4H direction is clearly bearish. RSI on the 15m is at 47.17—weak, but not oversold—so downside room still remains.
- Current price is 1690.97, close to the main strategy entry point. TP1 is at 1611.48, with a risk-reward ratio of about 1:2.
- Why now? The EMA trend hasn’t reversed. Bearish momentum is building up—wait for confirmation, then follow the trade.
Discussion:
In this move, will it hit TP1 1611 first, or will it be a rebound bull trap? What do you think?