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Bear trap or real decline? SNDK key level 1785 decides life or death.
$SNDK /USDT - SHORT
Trade Plan:
Entry: 1775.39 – 1795.49
SL: 1881.96
TP1: 1713.05
TP2: 1664.79
TP3: 1592.40
Why focus on this structure?
- RSI 15m at 65.4, short-term nearing overbought, 4H structure bearish.
- 1H support 1785 has been broken; if not reclaimed, confirms bearish continuation.
- Targets TP1 1713, TP2 1664, stop loss 1882 clear.
Discussion:
Will price first rebound to TP2 to trap bulls, or directly drop to 1713?