$ESPORTS SHORT: REJECTION AT RESISTANCE WITH BEARISH ENGULFING FORMING 🔥
Entry: 0.0310-0.0315 🔥
Target: 0.0290, 0.0272, 0.0255 🚀
Stop Loss: 0.0329 ⚠️
Strong rejection after a sharp pump created a bearish engulfing candle right at local resistance. Momentum is clearly fading on the lower timeframes, and if the 0.0310 zone fails to hold as support, the structure favors a deeper correction toward the first target area.
The three-target structure here gives you multiple opportunities to scale out while keeping risk defined above the swing high. The price is currently testing the entry zone with below-average volume on the rejection candle — classic exhaustion behavior.
Will buyers step in at current support or does this signal the start of a larger pullback?
Not financial advice. Always manage your risk.
#ESPORTS #ShortSetup #Bearish #Crypto
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Entry: 0.0310-0.0315 🔥
Target: 0.0290, 0.0272, 0.0255 🚀
Stop Loss: 0.0329 ⚠️
Strong rejection after a sharp pump created a bearish engulfing candle right at local resistance. Momentum is clearly fading on the lower timeframes, and if the 0.0310 zone fails to hold as support, the structure favors a deeper correction toward the first target area.
The three-target structure here gives you multiple opportunities to scale out while keeping risk defined above the swing high. The price is currently testing the entry zone with below-average volume on the rejection candle — classic exhaustion behavior.
Will buyers step in at current support or does this signal the start of a larger pullback?
Not financial advice. Always manage your risk.
#ESPORTS #ShortSetup #Bearish #Crypto
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