SNDK short setup: the levels I'm watching

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

Entry: 1609.47831 – 1615.88169
TP1: 1561.06663 (-3.2%)
TP2: 1526.65772 (-5.3%)
TP3: 1475.04435 (-8.5%)
SL: 1681.49783 (+4.3%)
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, 5/11 signals agree, 1 against, 5 undecided.
• 1h trend: price < EMA50 < EMA200, bearish stack → the short-term trend is down
• Trend strength (ADX/DI, 15m): ADX 45.4 with sellers in control (DI+ 12.7 vs DI− 30.5) → sellers are driving the move
• 4h RSI: 36.4, bearish momentum (below 45) → sellers have the momentum
Risk: Distance from 1h EMA50: −3.2 ATR from the 1h EMA50, overextended with bounce risk → price fell far below its average, a bounce is likely

Why I like it:
The daily trend reads range, and 5/11 signals aligned favour the short side. The plan is to work the 1609.47831 – 1615.88169 zone, scale out at 1561.06663 and 1526.65772, and stay patient for 1475.04435. A move through 1681.49783 means the idea is wrong and the stop does its job.

Does SNDK tag 1561.06663 first, or the stop?

Chart with every level below.

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