Has the short-term trend already turned against SNDK?

🔴 SHORT $SNDK /USDT: expecting price to go DOWN
Bias: SHORT · Leaning

Entry: 1707.76002 – 1711.41998
TP1: 1684.53980 (-1.5%)
TP2: 1667.83966 (-2.4%)
TP3: 1642.78945 (-3.9%)
SL: 1742.99027 (+2.0%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.
Note: moderate conviction only, keep size light.

Why SHORT? Leaning call, 4/11 signals agree, 0 against, 7 undecided.
• 1h trend: price < EMA50 < EMA200, bearish stack → the short-term trend is down
• 4h RSI: 39.3, bearish momentum (below 45) → sellers have the momentum
• 1h RSI: 36.0, bearish momentum (below 45) → sellers have the momentum

The reasoning:
SNDK is trading below both its 1-hour EMAs, which shows the short-term trend is down. The 4-hour RSI sits around 39 and the 1-hour RSI is around 36, meaning sellers are in control of momentum right now. These readings support a short bias, but the daily trend is a range and the 4-hour EMAs are not stacked, so conviction is moderate.

Where do you set your stop if you were short SNDK here?

Levels mapped on the chart below.

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