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Can you believe this SNDK short signal this time?
$SNDK /USDT - Short
Trading plan:
Entry: 1363.0 – 1367.8
SL: 1388.6
TP1: 1348.0
TP2: 1336.5
TP3: 1319.1
Why pay attention to this structure?
- A 4-hour bearish signal has been triggered; on the 15-minute cycle, RSI is 49.87, with weak momentum.
- Current price is 1365.4. The EMA trend shows range-bound consolidation, suitable for catching pullbacks.
- Why now? The short targets TP1 at 1348, TP2 at 1336.5, with a stop-loss at 1388.6; the risk-reward ratio is reasonable.
Discussion:
Will this move first hit TP2, or is it a bull trap?