At the 1783 level, both longs and shorts are waiting for who to make the first move?



$SNDK /USDT - SHORT

Trading plan:
Entry: 1776.42 – 1790.90
SL: 1853.21
TP1: 1731.50
TP2: 1696.73
TP3: 1644.57

Why pay attention to this structure?
- The 4H direction is clearly bearish, but the 1D is ranging, which means the larger timeframe hasn’t chosen a direction yet.
- The 15-minute RSI is 50.23. It’s neither overbought nor oversold—just hovering in the middle. Are the big players accumulating or distributing?
- Current price is 1783.66. It’s only 3% away from the short TP1 (1731), so the risk-reward ratio is close to 3:1. But the SL is set at 1853—once it breaks, you have to accept it.
- Why now? The longer the range lasts, the more forceful the breakout will be. Either short straight to TP2, or fake a breakdown and then pull back toward 1835.

Discussion:
Will this move first reach the short TP2, or will it lure a selloff and then pull back to 1835?
SNDK-1.98%
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