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Most traders are still bullish on SNDK—here’s why that’s the trap.
$SNDK /USDT - SHORT
Trade Plan:
Entry: 1776.14 – 1791.76
SL: 1858.88
TP1: 1727.75
TP2: 1690.28
TP3: 1634.08
Why this setup?
4H bias is SHORT at 55% confidence, and the 1D trend is range-bound, not trending up. RSI on 15m sits at 47.99—neutral but leaning weak. Entry at 1783.95 with tight TP1 at 1727.75 means the downside is closer than you think. Why now? The invalidation level is 1724.82—break below that, and shorts accelerate.
Debate:
Are you waiting for a bounce or already in the short—what’s your TP?