Bear Trap Setup: Is the SNDK USDT 1926 trap already set?



$SNDK /USDT - Going SHORT

Trading plan:
Entry: 1920.51 – 1931.47
SL: 1994.39
TP1: 1874.69
TP2: 1840.49
TP3: 1789.19

Why focus on this structure?
- On the 4-hour timeframe, the bearish signal is clear, with 77.4% confidence supporting SHORT.
- RSI on 15m is at 55.8, not yet oversold, and downside room remains.
- The current price 1925.99 is near the entry reference: TP1 at 1874.69, T2 target at 1840.49.
- The 1D trend is ranging, but short-term bearish momentum is dominant—why now? Because RSI hasn’t hit extreme levels yet, and ATR (21.9) volatility is manageable.

Discussion:
Will this move hit TP2 first, or will it lure a rebound up to SL 1994?
SNDK6.85%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned