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$SNDK /USDT 4-hour level short signal appears, but will it bounce—or is it just a trap?
$SNDK /USDT - Sell SHORT
Trading plan:
Entry: 1766.2 – 1788.0
SL: 1882.1
TP1: 1698.4
TP2: 1645.9
TP3: 1567.1
Why focus on this structure?
- The current price is around 1777; the 1-day trend is ranging, but the 4-hour direction is clearly bearish.
- RSI on the 15-minute chart is 56.49—there’s short-term rebound momentum, but the bigger timeframe remains bearish.
- Key levels: resistance overhead 1788-1860; downside targets TP1 1698.4, TP2 1645.9.
- Why now? A rebound back to the 1777 area is a good time to test short entries; if it can’t break above 1788, the probability of shorts is higher.
Discussion:
Will this rebound reach 1788 first before dropping, or will it dip straight toward TP1? Where is your short entry point?