📉 $SNDK — SHORT SETUP
Price is consolidating after the drop from $1,400+, but the order-flow picture still leans bearish:
• CVD remains negative → sellers are still active
• OI elevated → leverage remains in the market
• Price is below the $1,240–$1,250 area → key reclaim zone
• Smart-trader positioning is heavily skewed toward longs, creating potential downside liquidity
🎯 Trade Plan — SHORT
Entry: $1,235–$1,250 rejection
SL: $1,275
TP1: $1,195
TP2: $1,155
TP3: $1,110
Invalidation: 1H close above $1,275.
I wouldn't short at $1,219 blindly. Let price come into the resistance zone first and show rejection.
The setup is simple: retest → rejection → continuation. 📉
Would you take the short here, or wait for the $1,240–$1,250 retest? 👇
Price is consolidating after the drop from $1,400+, but the order-flow picture still leans bearish:
• CVD remains negative → sellers are still active
• OI elevated → leverage remains in the market
• Price is below the $1,240–$1,250 area → key reclaim zone
• Smart-trader positioning is heavily skewed toward longs, creating potential downside liquidity
🎯 Trade Plan — SHORT
Entry: $1,235–$1,250 rejection
SL: $1,275
TP1: $1,195
TP2: $1,155
TP3: $1,110
Invalidation: 1H close above $1,275.
I wouldn't short at $1,219 blindly. Let price come into the resistance zone first and show rejection.
The setup is simple: retest → rejection → continuation. 📉
Would you take the short here, or wait for the $1,240–$1,250 retest? 👇