Bears are positioned at 1362—does $SNDK /USDT need to break 1300 this time?



SNDK_USDT - Short

Trading plan:
Entry: 1354.70 – 1369.26
SL: 1431.84
TP1: 1309.59
TP2: 1274.66
TP3: 1222.27

Why focus on this structure?
- The 4-hour direction is clearly SHORT, confidence 55, entry reference 1361.98.
- The 15-minute RSI is only 48.61, not oversold, and downside room remains.
- TP1 target 1309.59, about 4% away from the current price; volatility ATR 29 supports reaching it quickly.
- Why now? Under the daily range-bound setup, the bears are already armed, with low risk of a long squeeze.

Discussion:
Will this move first reach TP2 at 1274, or will there be a mid-way rebound that triggers the SL?
SNDK-0.56%
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