On the $SNDK /USDT 4-hour chart, the RSI is approaching oversold— is this a reversal signal or a trap?



$SNDK /USDT - LONG (go long)

Trade plan:
Entry: 1500.64 – 1518.10
SL: 1400.48
TP1: 1591.04
TP2: 1645.49
TP3: 1727.16

Why focus on this setup?
- The 15-minute RSI is only 35.56, close to the oversold zone, with short-term rebound momentum building up.
- The 4-hour trend is LONG, confidence 77%, and the daily chart is range-bound; the current price 1509.37 is near the support zone.
- Why now? Low RSI + the lower end of the ranging zone makes the LONG strategy safer, with TP1 targeting 1591.04.
- Note: Set the stop-loss at 1400.48 for controlled risk; if it breaks down, switch to SHORT.

Discussion:
Will this move reach TP1 first, or will it be a bear-market fakeout that then runs straight to the SL? Are you going LONG or SHORT?
SNDK-5.67%
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