$ESPORTS pumped hard, then got rejected at the top. Is the bounce already done? 📉
🔴 Short idea
Entry: 0.00975 – 0.00985 (retest of the rejection zone)
TP1: 0.00960
TP2: 0.00945
TP3: 0.00938 (range low)
SL: 0.00996 (above the 24h high)
Why: The spike hit 0.009892, then volume faded and candles turned red with long upper wicks. That points to sellers defending the top. The bigger trend is also weak: -40.9% over 90 days, -98.5% over 180 days.
Invalidation: a 15m close above 0.00992 means the rejection failed. Exit the short.
⚠️ Risk: Small caps can squeeze fast. Use low leverage, small size, and take partial profits at TP1.
(Not financial advice. DYOR.)
Do you see a lower high forming, or a breakout above 0.0099? 👇
#ESPORTS #TradingSignal #ShortSetup #futures #BinanceSquare
🔴 Short idea
Entry: 0.00975 – 0.00985 (retest of the rejection zone)
TP1: 0.00960
TP2: 0.00945
TP3: 0.00938 (range low)
SL: 0.00996 (above the 24h high)
Why: The spike hit 0.009892, then volume faded and candles turned red with long upper wicks. That points to sellers defending the top. The bigger trend is also weak: -40.9% over 90 days, -98.5% over 180 days.
Invalidation: a 15m close above 0.00992 means the rejection failed. Exit the short.
⚠️ Risk: Small caps can squeeze fast. Use low leverage, small size, and take partial profits at TP1.
(Not financial advice. DYOR.)
Do you see a lower high forming, or a breakout above 0.0099? 👇
#ESPORTS #TradingSignal #ShortSetup #futures #BinanceSquare
