Synthetix SNX Bearish Sentiment

September has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
Synthetix SNX has a negative overall sentiment recently.
I have the following price targets:

SNX/USDT short
Entry Range: $2.90 - 3.10
Take Profit 1: $2.70
Take Profit 2: $2.26
Take Profit 3: $1.84
Stop Loss: $3.61