🔴 $SNDK /USDT — BEARS ARE IN CONTROL, BUT WATCH THE BOUNCE! 📉
The daily and 4H structures are showing bearish alignment, with price trading below both EMA50 and EMA200. This keeps downside continuation on the radar.
However, there's one important warning: price is already significantly extended below its 1H EMA50 (around -3.6 ATR). A relief bounce or short squeeze is possible, so chasing the move blindly isn't ideal.
🔻 SHORT TRADE SETUP
🎯 Entry Zone: 850.19940 – 855.90060
🛑 Stop Loss: 925.60942 (+8.5%)
💰 TAKE PROFIT TARGETS
• TP1: 798.63044 (-6.4%)
• TP2: 762.35073 (-10.6%)
• TP3: 707.93116 (-17.0%)
📊 TRADE MANAGEMENT
✅ Close 50% at TP1
✅ Close 25% at TP2
✅ Close remaining 25% at TP3
✅ Move SL to breakeven after TP1
⚡ KEY STRATEGY:
Wait for a confirmed rejection around the entry zone. The bearish trend is interesting, but the extended downside makes entry timing especially important.
👀 Would you take this short after a rejection, or wait for a fresh breakdown?
⚠️ Not financial advice. Manage leverage and risk carefully.
#SNDK #SNDKUSDT #ShortSetup #BearishTrend #cryptouniverseofficial #CryptoTrends2024 #BinanceSquare
The daily and 4H structures are showing bearish alignment, with price trading below both EMA50 and EMA200. This keeps downside continuation on the radar.
However, there's one important warning: price is already significantly extended below its 1H EMA50 (around -3.6 ATR). A relief bounce or short squeeze is possible, so chasing the move blindly isn't ideal.
🔻 SHORT TRADE SETUP
🎯 Entry Zone: 850.19940 – 855.90060
🛑 Stop Loss: 925.60942 (+8.5%)
💰 TAKE PROFIT TARGETS
• TP1: 798.63044 (-6.4%)
• TP2: 762.35073 (-10.6%)
• TP3: 707.93116 (-17.0%)
📊 TRADE MANAGEMENT
✅ Close 50% at TP1
✅ Close 25% at TP2
✅ Close remaining 25% at TP3
✅ Move SL to breakeven after TP1
⚡ KEY STRATEGY:
Wait for a confirmed rejection around the entry zone. The bearish trend is interesting, but the extended downside makes entry timing especially important.
👀 Would you take this short after a rejection, or wait for a fresh breakdown?
⚠️ Not financial advice. Manage leverage and risk carefully.
#SNDK #SNDKUSDT #ShortSetup #BearishTrend #cryptouniverseofficial #CryptoTrends2024 #BinanceSquare
