SNDK short setup: the levels I'm watching

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

Entry: 1591.42697 – 1592.55303
TP1: 1574.58327 (-1.1%)
TP2: 1562.97879 (-1.8%)
TP3: 1545.57206 (-2.9%)
SL: 1615.19897 (+1.5%)
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.
‱ 4h trend: price < EMA50 < EMA200, bearish stack → the swing trend is down
‱ 1h trend: price < EMA50 < EMA200, bearish stack → the short-term trend is down
‱ 4h RSI: 34.3, bearish momentum (below 45) → sellers have the momentum
Risk: Distance from 1h EMA50: −3.5 ATR from the 1h EMA50, overextended with bounce risk → price fell far below its average, a bounce is likely

Why now?
The daily trend reads range, and 5/11 signals aligned favour the short side. The plan is to work the 1591.42697 – 1592.55303 zone, scale out at 1574.58327 and 1562.97879, and stay patient for 1545.57206. A move through 1615.19897 means the idea is wrong and the stop does its job.

Does SNDK tag 1574.58327 first, or the stop?

Full setup on the chart below.

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