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Short position at 1763 brewing, $SNDK /USDT longs beware.
SNDK_USDT - SHORT
Trade Plan:
Entry: 1742.4 – 1763.0
SL: 1851.9
TP1: 1678.3
TP2: 1628.7
TP3: 1554.4
Why focus on this structure?
- Clear SHORT signal on 4H timeframe; 1D trend is just oscillating, bias bearish.
- RSI 15M at 57.97, not overbought but near resistance zone, entry reference 1763.
- Target TP1 1678, TP2 1628, stop loss 1852, risk-reward ratio attractive.
- Why now? The upper edge of the oscillation zone is a good short opportunity, waiting for confirmation.
Discussion:
Will SNDK_USDT hit TP1 first and then bounce, or break through the stop loss directly?