🔴 SHORT $SNDK — watching 1609–1616
Bias: Short | Moderate conviction
Entry: 1609.48–1615.88
TP1: 1561.07 (-3.2%)
TP2: 1526.66 (-5.3%)
TP3: 1475.04 (-8.5%)
SL: 1681.50 (+4.3%)
Why bearish?
• 1H: Price < EMA50 < EMA200
• 15M ADX 45.4, with sellers dominating
• 4H RSI 36.4, keeping momentum bearish
• 5/11 signals favor the short, while 5 remain undecided
The catch: price is already stretched about 3.2 ATR below the 1H EMA50, so a bounce is possible.
Plan: Only consider the short inside the entry zone. Take partial profit at TP1 and move SL to breakeven. Keep position size light.
A move above 1681.50 invalidates the setup.
Will $SNDK reach 1561 first, or hit the stop?
#SNDK #trading #crypto #Binance $SNDK
Bias: Short | Moderate conviction
Entry: 1609.48–1615.88
TP1: 1561.07 (-3.2%)
TP2: 1526.66 (-5.3%)
TP3: 1475.04 (-8.5%)
SL: 1681.50 (+4.3%)
Why bearish?
• 1H: Price < EMA50 < EMA200
• 15M ADX 45.4, with sellers dominating
• 4H RSI 36.4, keeping momentum bearish
• 5/11 signals favor the short, while 5 remain undecided
The catch: price is already stretched about 3.2 ATR below the 1H EMA50, so a bounce is possible.
Plan: Only consider the short inside the entry zone. Take partial profit at TP1 and move SL to breakeven. Keep position size light.
A move above 1681.50 invalidates the setup.
Will $SNDK reach 1561 first, or hit the stop?
#SNDK #trading #crypto #Binance $SNDK