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SNDK 4H Hides a Reversal Signal, Shorts About to Push?
$SNDK /USDT - SHORT
Trading Plan:
Entry: 1863.98 – 1883.14
SL: 1965.49
TP1: 1804.61
TP2: 1758.64
TP3: 1689.69
Why watch this structure?
- Current $SNDK /USDT price 1873.56, RSI 15M at only 50.75, momentum neutral to weak.
- The 4H trend is range-bound, short direction confidence 55%, suitable for short-term follow.
- Key resistance 1883.14 not broken; if it falls below 1863.98, first target TP1 1804.61 is feasible.
- Why now? Multiple rejections at the top of the range; shorts waiting for volume confirmation.
Discussion:
Is this a false breakout trapping longs, or a direct drop to TP2 1758.64? What do you think?