SNDK is above the 4-hour EMA, but the RSI on the 15-minute chart is already overbought—short-term short opportunity?



$SNDK /USDT - SHORT

Trading plan:
Entry: 1371.98 – 1376.52
SL: 1396.05
TP1: 1357.90
TP2: 1347.00
TP3: 1330.65

Why focus on this setup?
- Current price is 1374.25, near the 4-hour EMA resistance; the 15-minute RSI at 71.85 indicates overbought conditions, increasing pressure for a short-term pullback.
- Bearish plan: enter at 1374.25; TP1 1357.90, TP2 1347.00; stop loss 1396.05; risk-reward ratio is about 1:1.6.
- The 1-day trend is ranging, so a high-sell/low-buy strategy fits the current market structure better.

Discussion:
Will this bearish move hit TP2 first, or will it be a stop-hunt and then rally to 1390?
SNDK2.64%
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