🔴 SHORT $ESPORTS — Breakdown Confirmed
The downtrend is intact. Bounces are getting sold.
$ESPORTS has been in a strong downtrend for weeks. Price broke below 0.016 and is now trading at 0.0155. EMA20 at 0.0154, EMA50 at 0.0155 — both sloping down. EMA200 at 0.0165 acting as resistance.
Bounces are weak. Volume on the drop is heavy. RSI at 50 — neutral, but trending down. The structure is clearly bearish.
I'm going short from here.
Entry: 0.01550 – 0.01560
SL: 0.01600
🎯 TP1: 0.01510
🎯 TP2: 0.01480
🎯 TP3: 0.01440
Setup fails if price closes above 0.01580 on the 15m.
When a downtrend is confirmed, the path of least resistance is down.
DYOR. Not financial advice.
$ESPORTS #Binance #BinanceSquare #cryptosignals
The downtrend is intact. Bounces are getting sold.
$ESPORTS has been in a strong downtrend for weeks. Price broke below 0.016 and is now trading at 0.0155. EMA20 at 0.0154, EMA50 at 0.0155 — both sloping down. EMA200 at 0.0165 acting as resistance.
Bounces are weak. Volume on the drop is heavy. RSI at 50 — neutral, but trending down. The structure is clearly bearish.
I'm going short from here.
Entry: 0.01550 – 0.01560
SL: 0.01600
🎯 TP1: 0.01510
🎯 TP2: 0.01480
🎯 TP3: 0.01440
Setup fails if price closes above 0.01580 on the 15m.
When a downtrend is confirmed, the path of least resistance is down.
DYOR. Not financial advice.
$ESPORTS #Binance #BinanceSquare #cryptosignals