That stock premium is screaming for a mean reversion—don't get trapped at the top.
$SNDK USDT — SHORT
Trade Plan
Entry: 1,815 – 1,825
SL: 1,845
TP1: 1,780
TP2: 1,740
TP3: 1,690
Why this setup?
Price is rejecting the 24h high at 1,826.57 with lower wicks forming, while the stock trades at 1,806.34—a 10%+ pop in one session screams overextension. The mark price sits below last price at 1,805.96, signaling bearish divergence, and a retest of the 1,690 demand zone is highly probable.
Smart money shorts the euphoria; dumb money chases the green.
$SNDK
$SNDK USDT — SHORT
Trade Plan
Entry: 1,815 – 1,825
SL: 1,845
TP1: 1,780
TP2: 1,740
TP3: 1,690
Why this setup?
Price is rejecting the 24h high at 1,826.57 with lower wicks forming, while the stock trades at 1,806.34—a 10%+ pop in one session screams overextension. The mark price sits below last price at 1,805.96, signaling bearish divergence, and a retest of the 1,690 demand zone is highly probable.
Smart money shorts the euphoria; dumb money chases the green.
$SNDK
