For $ESPORTS I’m now looking more at shorts, but only after a nice reaction from the level.
Price may first move up to 0.01485–0.01499, remove liquidity, and only then reverse.
That’s where I’ll look for confirmation for an entry.
I need a bearish engulfing, a sweep of the last LH, or a break of structure down on the lower timeframe.
If the sellers really regain control, I see targets at 0.01424 and 0.01412.
But there’s a catch: this is a countertrend against the Daily and BTC.
So here I definitely don’t want to guess the top.
Above 0.01499 on 1H — that’s it, the bearish scenario for me is no longer relevant.
Price may first move up to 0.01485–0.01499, remove liquidity, and only then reverse.
That’s where I’ll look for confirmation for an entry.
I need a bearish engulfing, a sweep of the last LH, or a break of structure down on the lower timeframe.
If the sellers really regain control, I see targets at 0.01424 and 0.01412.
But there’s a catch: this is a countertrend against the Daily and BTC.
So here I definitely don’t want to guess the top.
Above 0.01499 on 1H — that’s it, the bearish scenario for me is no longer relevant.
