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Is this SNDK rebound a trap or a real breakout?
$SNDK /USDT - Go LONG
Trading plan:
Entry: 1379.73 – 1397.93
SL: 1275.25
TP1: 1474.01
TP2: 1530.80
TP3: 1615.99
Why pay attention to this structure?
- 4H LONG signal, confidence 77%, current price around 1388, near the support zone.
- 15-minute RSI is only 31, in the oversold area, with a high probability of a short-term rebound.
- Targets: TP1 1474 (+6%), TP2 1530 (+10%), SL 1275 (-8%), with a reasonable risk-reward ratio.
- Why now? RSI is low + the lower end of range consolidation; going long has a higher win rate than chasing shorts.
Discussion:
Do you think SNDK will first reach TP2 1530, or will it break below SL 1275?