$SNDK SHORT 1H | Structure favors a plan at 1,632.62
Why it matters: 1H trend and market structure are both bearish. The 15M trend also points bearish.
My read: A controlled entry around 1,631.68–1,633.56 keeps the continuation plan measured. TP1 maps to 0.85R; a move above 1,645.11 invalidates the idea.
Entry zone: 1,631.68–1,633.56
Stop loss: 1,645.11
Targets: TP1 1,622 (0.85R) / TP2 1,614.18 (1.48R) / TP3 1,606.36 (2.1R)
Scale out: 20% / 30% / 50%
Is 0.85R to TP1 enough for the risk in this plan?
Why it matters: 1H trend and market structure are both bearish. The 15M trend also points bearish.
My read: A controlled entry around 1,631.68–1,633.56 keeps the continuation plan measured. TP1 maps to 0.85R; a move above 1,645.11 invalidates the idea.
Entry zone: 1,631.68–1,633.56
Stop loss: 1,645.11
Targets: TP1 1,622 (0.85R) / TP2 1,614.18 (1.48R) / TP3 1,606.36 (2.1R)
Scale out: 20% / 30% / 50%
Is 0.85R to TP1 enough for the risk in this plan?