$SNDK is deep in bear territory, and the trend structure keeps me short.
$SNDK • SHORT
Trade setup:
Entry zone: 1263.082618 – 1272.776280
TP 1:1236.560756
TP 2:1217.173430
TP 3:1185.804736
SL: 1306.704101
The bearish case:
• ADX at 57 confirms this downtrend has real conviction, not random noise.
• The 1h RSI at 16.69 is deeply oversold, which makes me cautious about chasing at current levels.
• For me, the short stays valid as long as price stays below the EMA34 at 1343.
My approach:
I would wait for a minor bounce toward the entry zone rather than selling at this extended level.
How would you approach it?
Is the oversold RSI enough to pause the short, or does the ADX override momentum concerns?
⚠️ Personal market analysis only, not financial advice. Always verify the live price and manage your own risk.
$SNDK • SHORT
Trade setup:
Entry zone: 1263.082618 – 1272.776280
TP 1:1236.560756
TP 2:1217.173430
TP 3:1185.804736
SL: 1306.704101
The bearish case:
• ADX at 57 confirms this downtrend has real conviction, not random noise.
• The 1h RSI at 16.69 is deeply oversold, which makes me cautious about chasing at current levels.
• For me, the short stays valid as long as price stays below the EMA34 at 1343.
My approach:
I would wait for a minor bounce toward the entry zone rather than selling at this extended level.
How would you approach it?
Is the oversold RSI enough to pause the short, or does the ADX override momentum concerns?
⚠️ Personal market analysis only, not financial advice. Always verify the live price and manage your own risk.