🔴 $ESPORTS DUMBING INTO DISTRIBUTION – SHORT SETUP WITH 3X+ R:R 💣
Entry: 0.04731 ⚡
Target: 0.03480 📉
Target: 0.02747 📉
Target: 0.01824 📉
Stop Loss: 0.06021 🛑
📍 This structure shows clear institutional distribution. After the failed breakout above 0.060, price has been creating lower highs on declining volume – textbook smart money positioning for a liquidity sweep below demand. 📊 The 0.0473 zone sits as a key order block that has already been tested multiple times; each retest weakens support.
💡 With targets extending to 0.0348 and lower, the risk-to-reward is heavily skewed in favor of shorts. Volume on the daily chart is contracting while price prints a bearish divergence on RSI. The recent spike to 0.053 was likely a stop hunt before the next leg down. 💬 Are you seeing another demand level that could hold, or is this range destined to break? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ESPORTS #ShortSetup #Bearish #Crypto #Trading
🔴 🎯
Entry: 0.04731 ⚡
Target: 0.03480 📉
Target: 0.02747 📉
Target: 0.01824 📉
Stop Loss: 0.06021 🛑
📍 This structure shows clear institutional distribution. After the failed breakout above 0.060, price has been creating lower highs on declining volume – textbook smart money positioning for a liquidity sweep below demand. 📊 The 0.0473 zone sits as a key order block that has already been tested multiple times; each retest weakens support.
💡 With targets extending to 0.0348 and lower, the risk-to-reward is heavily skewed in favor of shorts. Volume on the daily chart is contracting while price prints a bearish divergence on RSI. The recent spike to 0.053 was likely a stop hunt before the next leg down. 💬 Are you seeing another demand level that could hold, or is this range destined to break? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ESPORTS #ShortSetup #Bearish #Crypto #Trading
🔴 🎯