1h bearish stack signals SNDK short

๐Ÿ”ด SHORT $SNDK /USDT: expecting price to go DOWN
Bias: SHORT ยท Leaning

Entry: 1646.41041 โ€“ 1649.26959
TP1: 1625.34670 (-1.4%)
TP2: 1610.35117 (-2.3%)
TP3: 1587.85787 (-3.6%)
SL: 1677.83106 (+1.8%)
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? SNDK checklist: 5/11 signals agree, 1 against, 5 undecided
โ€ข 1h trend: price < EMA50 < EMA200, bearish stack โ†’ the short-term trend is down
โ€ข Trend strength (ADX/DI, 15m): ADX 36.9 with sellers in control (DI+ 13.0 vs DIโˆ’ 47.9) โ†’ sellers are driving the move
โ€ข 4h RSI: 29.8, bearish momentum (below 45) โ†’ sellers have the momentum
Watch: Distance from 1h EMA50: โˆ’3.5 ATR from the 1h EMA50, overextended with bounce risk โ†’ price fell far below its average, a bounce is likely
Watch: The idea is wrong if price reaches the stop at 1677.83106

Verdict: The 1h trend is down, but the price is far below its EMA50, so a bounce is a real risk. Conviction is moderate.

What level would make you take the opposite side here?

Full setup on the chart below.

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