ETH 4-hour chart hides danger, with the bull-bear dividing line right here $ETH /USDT - SHORT Trading Plan: Entry: 2494.45 – 2503.13 SL: 2540.46 TP1: 2467.54 TP2: 2446.70 TP3: 2415.45 Why watch this setup? - The current $ETH /USDT price is 2498, with a clear SHORT direction, but confidence is only 55, indicating this is not a one-sided market but a sell-the-rally opportunity amid range-bound trading. - The 1D trend is range. On the 4h timeframe, P_1h 2499.25 serves as key resistance, and the price is currently stuck below resistance with weak upward momentum. - The 15m RSI is 49.9, neutral to weak. There is no overbought resistance in the short term, so shorts can enter with the trend. - The entry reference is 2498.79. TP1 at 2467.54 is the first target, offering approximately 1.2% downside from the current price; TP2 at 2446.70 is the core battleground. - Why now? Because the price is repeatedly testing resistance. Once a 4h close confirms a break below 2494, the support vacuum below will accelerate the release of bearish momentum. Discussion: Will this move reach TP2 first, or will a false breakout pull back to 2530 and trigger stop-losses? Share your position logic in the comments.

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Has the correction that began at 1828 for SNDK come to an end? My judgment: not yet. Many people have directly characterized the decline after 1828 as the start of a new downtrend. In my view, interpreting it as a correction following the rally better fits the overall structure. As I mentioned in a tweet on August 24, the rebound that started at 998 has not yet run its course. The pullback that began at 1828 looks more like a retracement following the major rally from 998 to 1828. At the time, I identified the 1400 area as a key support level to watch. Subsequent price action also confirmed this: after SNDK pulled back to a low of 1416, it rebounded by nearly 10%, indicating that support around 1400 did indeed provide a base. However, a single rebound is still not enough to confirm that this correction has completely ended. The key level to watch next is 1565. If the price is unable to effectively break above and hold this level in the short term, this correction will most likely continue. From the perspective of the larger time frame, my structural analysis and overall trend view of SNDK remain unchanged: As long as this correction does not develop into a full-fledged bear-market decline, once the correction is complete, SNDK should at least produce another rally comparable in magnitude to the move from 998 to 1828. So far, the chart has shown no signal proving that it has entered a medium- to long-term downtrend. The short position established earlier will continue to be held for now. Once the chart shows a clear signal that the correction is coming to an end, I will take profits on the short position and then look for potential long opportunities. I will continue tracking subsequent developments in SNDK's price action, so stay tuned.#Gate7天净流入全球Top3 $BTC $ETH