SNDK SHORT — Daily Trend Below Both EMAs Targets -5.1%
$SNDK is pointing lower. The daily trend keeps price below EMA50 and EMA200 in a bearish stack, so the big-picture trend is down.
Entry: 831.02953 – 832.17047
TP1: 815.73665 (-1.9%)
TP2: 805.16109 (-3.2%)
TP3: 789.29774 (-5.1%)
SL: 852.75113 (+2.5%)
Why short: the daily trend shows price below EMA50 and EMA200 in a bearish stack, meaning the big-picture trend is down.
Risk: price is far below its average, so a bounce is likely — 3.7 ATR below the 1h EMA50.
Plan: close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Where would you place your first target on this trade?
$SNDK is pointing lower. The daily trend keeps price below EMA50 and EMA200 in a bearish stack, so the big-picture trend is down.
Entry: 831.02953 – 832.17047
TP1: 815.73665 (-1.9%)
TP2: 805.16109 (-3.2%)
TP3: 789.29774 (-5.1%)
SL: 852.75113 (+2.5%)
Why short: the daily trend shows price below EMA50 and EMA200 in a bearish stack, meaning the big-picture trend is down.
Risk: price is far below its average, so a bounce is likely — 3.7 ATR below the 1h EMA50.
Plan: close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Where would you place your first target on this trade?
