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SNDK: Bear trap or a real breakout? RSI reveals a key signal
$SNDK /USDT - Sell SHORT
Trading plan:
Entry: 1364.90 – 1369.72
SL: 1390.46
TP1: 1349.95
TP2: 1338.37
TP3: 1321.01
Why pay attention to this setup?
- 4-hour SHORT signal: RSI on the 15-minute timeframe is at 53.97, in the neutral zone, not overbought—downside is still available.
- Current price 1367.31: TP1 1349.95, TP2 1338.37, stop loss 1390.46, risk-reward ratio about 1:2.
- The 1D trend is ranging; the short entry is near the upper end of the range, suitable for short-term plays.
Discussion:
Will this leg of selling reach TP2 first, or will it get stopped out and blown up?