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SNDK has been laying in wait for a short at 1922 in 1922—who’s quietly taking over the buy side?
$SNDK /USDT - short SHORT
Trading plan:
Entry: 1912.10 – 1932.54
SL: 2020.45
TP1: 1848.72
TP2: 1799.66
TP3: 1726.07
Why watch this setup?
- 4H shows a bearish signal + 55% confidence; the RSI on 15M is 60.61, with short-term overbought pullback pressure
- Current price is 1922.32, right at the 1H resistance level, with clear EMA suppression
- Daily trading range: bears’ target TP1 is 1848.72; if it breaks through, then 1799.66
- Why now? Wait for confirmation of a breakdown below 1922; otherwise it could be a stop-hunt trap
Discussion:
Will this move hit TP2 first, or will it fake a rally to liquidate the shorts?