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SNDK tops on a 4-hour timeframe—are you still chasing longs?
$SNDK /USDT - go short SHORT
Trading plan:
Entry: 1361.46 – 1366.06
SL: 1385.83
TP1: 1347.21
TP2: 1336.17
TP3: 1319.62
Why focus on this structure?
- 15-minute RSI has reached 71.86, and the short-term overbought signal is clear.
- On the 4-hour chart, the bias is bearish. The 1-hour resistance level is 1363.76, and price is currently right at this level.
- Why now? Overbought + resistance level + ranging trend—high probability of a long trap.
Discussion:
Will this move first hit TP1 at 1347, or will it directly spike down with a stop-run for shorts?