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SNDK shorts are already positioned—who is quietly accumulating?
$SNDK /USDT - SHORT
Trading Plan:
Entry: 1865.75 – 1887.29
SL: 2010.93
TP1: 1775.71
TP2: 1708.51
TP3: 1607.70
Why focus on this structure?
- Bearish signal on the 4H timeframe, key resistance at 1876.52 on the 1H remains unbroken, 15m RSI overbought at 73 hints at a pullback.
- Price is currently in an EMA cluster; if it breaks below the 1865 support, TP1 at 1775 is in sight.
- Why now? RSI at highs + end of range consolidation—direction is about to be decided.
Discussion:
Will this leg first hit TP2 at 1708, or is it a false breakout to lure shorts then bounce?