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SNDK 4-hour timeframe short signal—are you brave enough to catch a flying knife?
$SNDK /USDT - SHORT
Trading plan:
Entry: 1903.24 – 1924.34
SL: 2015.04
TP1: 1837.85
TP2: 1787.23
TP3: 1711.29
Why focus on this structure?
- Current price is 1913.79; the 1-hour RSI is only 58.9, not oversold—there’s room for the downside.
- The 4-hour trend is bearish; TP1 at 1837.85 and TP2 at 1787.23 make the downside targets clear.
- SL is 2015.04; the risk-reward ratio is reasonable—wait for entry confirmation.
Discussion:
For this short move in SNDK, do you think it will break TP2, or will it bounce and trap longs?