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SNDK at the 1800 mark—what are the shorts waiting for?
$SNDK /USDT - going SHORT
Trading plan:
Entry: 1787.11 – 1802.21
SL: 1867.11
TP1: 1740.32
TP2: 1704.10
TP3: 1649.76
Why focus on this setup?
- On the 4H timeframe it’s bearish, with 55% confidence. On the 1D timeframe it’s consolidating sideways, and the short opportunity is starting to form.
- Current price 1794.66: EMA hasn’t been broken; RSI (15m) = 59.16. Not overbought yet, but the direction is clearly SHORT.
- Why now? The entry zone is 1787–1802. TP1 = 1740, TP2 = 1704. The risk-reward ratio is high. SL is set at 1867—reasonable protection.
Discussion:
Will this first reach TP2, or will it turn into a bear-fakeout bounce? Have you placed your orders?