$SNDK - LONG
Entry : 1453.39 – 1456.26
SL : 1419.33
TP1 : 1481.45
TP2 : 1499.19
TP3 : 1525.81
Why this setup?
The data on $SNDK indicates that the path of least resistance is upward, but the crowd is still betting on the range.
- Reference 1h is at 1454.83, with a tight entry zone between 1453.40 and 1456.26. It’s a compressed spring, not a falling knife.
- The RSI 15m is at 54, showing neutral to positive momentum, leaving room to continue before reaching an overbought zone.
- The ATR on 1h is at 14.78, meaning volatility is compressed. When it unwinds, it generally aligns with the path of least resistance, i.e., the LONG.
- Targets are stacked: TP1 at 1481, TP2 at 1499, and TP3 at 1525. Risk is set at 1419, giving you a solid reward/risk ratio of 2.8x on the first target.
The trend is upward on the 4h, and we’re buying the first pullback in that trend. Invalidation is clear at 1513: the structure remains intact up to this level.
Click here to trade 👇🏼
$SNDK
Entry : 1453.39 – 1456.26
SL : 1419.33
TP1 : 1481.45
TP2 : 1499.19
TP3 : 1525.81
Why this setup?
The data on $SNDK indicates that the path of least resistance is upward, but the crowd is still betting on the range.
- Reference 1h is at 1454.83, with a tight entry zone between 1453.40 and 1456.26. It’s a compressed spring, not a falling knife.
- The RSI 15m is at 54, showing neutral to positive momentum, leaving room to continue before reaching an overbought zone.
- The ATR on 1h is at 14.78, meaning volatility is compressed. When it unwinds, it generally aligns with the path of least resistance, i.e., the LONG.
- Targets are stacked: TP1 at 1481, TP2 at 1499, and TP3 at 1525. Risk is set at 1419, giving you a solid reward/risk ratio of 2.8x on the first target.
The trend is upward on the 4h, and we’re buying the first pullback in that trend. Invalidation is clear at 1513: the structure remains intact up to this level.
Click here to trade 👇🏼
$SNDK
