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SNDK on the 4-hour timeframe, the short signal has already lit up.
$SNDK /USDT - SHORT sell
Trading plan:
Entry: 1962.59 – 1971.45
SL: 2009.55
TP1: 1935.12
TP2: 1913.86
TP3: 1881.96
Why focus on this setup?
- The current price is trading below the EMA, and the RSI on the 15-minute timeframe is already overbought (64.78), increasing the pressure for a near-term pullback.
- The 1-day trend is ranging, but the 4-hour short structure is clear; the entry reference is 1967.02, with TP1 targeting 1935.12 and a reasonable risk-reward ratio.
- Why now? Wait for confirmation of the signal, then enter in line with the move.
Discussion:
Will this short hit TP1 first, or will it dump straight through TP3?