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The market maker is liquidating longs for more than 4 hours—SNDK, do you dare to take it?
$SNDK /USDT - Go LONG
Trading plan:
Entry: 1341.52 – 1349.76
SL: 1294.18
TP1: 1384.23
TP2: 1409.96
TP3: 1448.56
Why focus on this setup?
- RSI on 15m is 43.41, close to the oversold zone, with a clear signal that bearish momentum is running out.
- The 4-hour EMA bullish alignment hasn’t been broken. The current entry point at 1345.64 is near the lower end of the range, with an extremely high risk-reward ratio.
- The stop-loss at 1294.18 is only 3.8%. The first target at 1384.23 has 6.6% room. This is the breakout ignition point for the swing.
Discussion:
Will this wave hit TP2 1409 first, or will it be a fake breakout that lures buyers before pulling back?