Why short SNDK when the daily trend is just a range?

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

Entry: 1628.83351 – 1631.10649
TP1: 1608.58887 (-1.3%)
TP2: 1594.33479 (-2.2%)
TP3: 1572.95366 (-3.5%)
SL: 1658.47817 (+1.7%)
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
• 4h RSI: 42.4, bearish momentum (below 45) → sellers have the momentum
• Short-term momentum (15m): RSI z-score −2.27, last candle −0.33%, sellers pressing → sellers are pushing right now
Risk: RSI extreme in a range: RSI z-score −2.27 in a range, bounce setup → bottom of a range, buyers often step in

Q: Why go short in a range?
A: The 1h trend shows price below both EMAs, a bearish stack that favors sellers.

Q: When is this trade wrong?
A: When price bounces off the invalidation level at 1658.47817, signaling buyers stepped in.

What is your stop for this short, and do you agree with the current level?

Chart with every level below.

📲 Want more of my latest signals? Join me here:
https://app.binance.com/uni-qr/D26WbL9t

⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.