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Bears are already laying the trap—does the long side still dare to go for $SNDK /USDT?
$SNDK /USDT - SHORT
Trading plan:
Entry: 1347.97 – 1359.77
SL: 1410.49
TP1: 1311.40
TP2: 1283.09
TP3: 1240.62
Why focus on this setup?
- On the 4H timeframe, the bearish signal has been triggered. Entry reference: 1353.87, stop loss: 1410.49— the risk/reward is enticing.
- RSI on the 15M is only 43.3; momentum is weak, and rebounds don’t have much strength. The 1D trend is range-bound—direction isn’t clear, but the bears still have the advantage.
- TP1 is at 1311.40, TP2 at 1283.09—there’s plenty of room. So why now?—Staying range-bound for long often leads to a drop; the sentiment is getting colder.
Discussion:
Will this leg hit TP2 first, or is it a bull trap to lure shorts? See you in the comments for the truth.