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A 4-hour timeframe SHORT signal has been activated—will $SNDK /USDT fall?
SNDK_USDT - short SHORT
Trading plan:
Entry: 1604.12 – 1626.82
SL: 1724.42
TP1: 1533.76
TP2: 1479.29
TP3: 1397.57
Why focus on this structure?
- Current price is 1615.47; EMA and RSI (15m = 49.31) are weak, with the direction clearly bearish.
- The 1D trend is ranging, but the 4H signal has been triggered, with a bearish entry zone of 1604-1626.
- Stop loss at 1724; first take-profit at 1533; the risk-reward ratio is reasonable.
Discussion:
Will this move reach TP1 first, or is it a bear trap leading to a rebound?