🔥 $SNDK /USDT SHORT | Quietly moving toward a 150-point drop
$SNDK is being held within a price range, making it easier for the bulls to fall into a trap, while the current structure suggests the possibility of the downtrend continuing. 👀📉
🎯 TRADING PLAN
* 🟢 Entry: 1614.34555 – 1616.71445
* ❌ SL: 1634.95529
* 🥇 TP1: 1600.96103
* 🥈 TP2: 1591.24839
* 🥉 TP3: 1576.67942
🧠 WHY THIS SETUP?
📌 The 1H timeframe price is being “pinned” around 1615.53000, exactly within the Entry area.
📉 RSI 15m = 14.65 → selling pressure has already been very strong, but there is still potential for it to continue if the sellers keep control.
⚡ ATR 1H = 5.400613 → hourly volatility is wide enough to manage the position within the 1614.34555–1616.71445 zone.
🔄 The 1D trend is moving sideways, so this is a mean-reversion setup within a broader accumulation context, with near-term targets at 1600.96103, and then a deeper test at 1591.24839.
⚠️ IMPORTANT NOTE:
The setup invalidation level is 1693.03832. If price breaks above this level, the Short scenario is cancelled.
This is a counter-trend/turnaround trade against the trend of the higher timeframes → higher risk than a trend-following setup. Position sizing and strict SL compliance are the priority. 🛡️
🔥 Debate:
Will TP2 at 1591.24839 get held back above the invalidation zone? 👀
👇 Click here to view the chart
$SNDK is being held within a price range, making it easier for the bulls to fall into a trap, while the current structure suggests the possibility of the downtrend continuing. 👀📉
🎯 TRADING PLAN
* 🟢 Entry: 1614.34555 – 1616.71445
* ❌ SL: 1634.95529
* 🥇 TP1: 1600.96103
* 🥈 TP2: 1591.24839
* 🥉 TP3: 1576.67942
🧠 WHY THIS SETUP?
📌 The 1H timeframe price is being “pinned” around 1615.53000, exactly within the Entry area.
📉 RSI 15m = 14.65 → selling pressure has already been very strong, but there is still potential for it to continue if the sellers keep control.
⚡ ATR 1H = 5.400613 → hourly volatility is wide enough to manage the position within the 1614.34555–1616.71445 zone.
🔄 The 1D trend is moving sideways, so this is a mean-reversion setup within a broader accumulation context, with near-term targets at 1600.96103, and then a deeper test at 1591.24839.
⚠️ IMPORTANT NOTE:
The setup invalidation level is 1693.03832. If price breaks above this level, the Short scenario is cancelled.
This is a counter-trend/turnaround trade against the trend of the higher timeframes → higher risk than a trend-following setup. Position sizing and strict SL compliance are the priority. 🛡️
🔥 Debate:
Will TP2 at 1591.24839 get held back above the invalidation zone? 👀
👇 Click here to view the chart
