$SNDK — 15m Short Setup
I’m leaning short only if the bounce gets rejected around 1,750–1,756. The chart has shifted bearish after the 1,806.47 spike: price is now below the 7/25/99 MAs, while the recent candles are making lower highs and just lost the 1,754 area.
Volume isn’t explosive, so I don’t want to chase the current drop. I’d rather see a retest of 1,750–1,756, followed by a clear rejection and bearish 15m close.
Entry: 1,750–1,756
Confirmation: rejection/reversal below 1,756 with selling volume
SL: 1,765
TP1: 1,736
TP2: 1,721
TP3: 1,708
TP4: 1,695
Using ~1,752 entry and 1,765 SL, risk is ~13 points. That gives roughly 1.2R / 2.4R / 3.4R / 4.4R.
Invalidation: 15m acceptance above 1,765. I’d cancel the short rather than force it. $SNDK
I’m leaning short only if the bounce gets rejected around 1,750–1,756. The chart has shifted bearish after the 1,806.47 spike: price is now below the 7/25/99 MAs, while the recent candles are making lower highs and just lost the 1,754 area.
Volume isn’t explosive, so I don’t want to chase the current drop. I’d rather see a retest of 1,750–1,756, followed by a clear rejection and bearish 15m close.
Entry: 1,750–1,756
Confirmation: rejection/reversal below 1,756 with selling volume
SL: 1,765
TP1: 1,736
TP2: 1,721
TP3: 1,708
TP4: 1,695
Using ~1,752 entry and 1,765 SL, risk is ~13 points. That gives roughly 1.2R / 2.4R / 3.4R / 4.4R.
Invalidation: 15m acceptance above 1,765. I’d cancel the short rather than force it. $SNDK