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SNDK on the 4-hour timeframe is hiding reversal signals—are you brave enough to take this LONG?
$SNDK /USDT - Long LONG
Trading plan:
Entry: 1514.6 – 1533.6
SL: 1405.4
TP1: 1613.1
TP2: 1672.5
TP3: 1761.5
Why focus on this structure?
- RSI (15 minutes) has dropped to 36.07, gathering power for a rebound from the oversold zone.
- The 4-hour EMA support is 1524.1; price is currently exactly sitting at a key level.
- Why now? The daily timeframe is consolidating, but the 4-hour LONG signal has a 77% win rate; TP1=1613.1, with a risk-reward ratio of over 2:1.
Discussion:
Will this SNDK first push to TP2 1672.5, or will it fake a move to lure in longs and then drop back to 1405? See you in the comments to find out.