$ESPORTS is up +38% and everyone's piling in late. I'm looking the other way ๐
After climbing from 0.006774 to 0.009888 in 24 hours (+38% on the day), momentum is showing signs of exhaustion.
It pushed above 0.009048 for a moment, got sold hard from 0.009888 and ESPORTS is now right at that old high again. Looks like a breakout that didn't hold, and anyone who bought up there is probably getting nervous.
My eyes are on 0.0084, $ESPORTS the low of the earlier pullback. A lot of stops are sitting there and price hasn't tested it yet. Above 0.009888 I'm out of this idea.
๐ My ESPORTS trade: short from 0.009495, stop at 0.010043, target 0.0084 (+11.5%, 1:2)
๐ 24h Vol: $51.3M | 24h Chg: +37.5% | Funding: +0.0787%
Agree or disagree? Let me know ๐
Follow for daily chart breakdowns ๐
My opinion only. Not financial advice, do your own research.
#ESPORTS #Analysis #Trading
After climbing from 0.006774 to 0.009888 in 24 hours (+38% on the day), momentum is showing signs of exhaustion.
It pushed above 0.009048 for a moment, got sold hard from 0.009888 and ESPORTS is now right at that old high again. Looks like a breakout that didn't hold, and anyone who bought up there is probably getting nervous.
My eyes are on 0.0084, $ESPORTS the low of the earlier pullback. A lot of stops are sitting there and price hasn't tested it yet. Above 0.009888 I'm out of this idea.
๐ My ESPORTS trade: short from 0.009495, stop at 0.010043, target 0.0084 (+11.5%, 1:2)
๐ 24h Vol: $51.3M | 24h Chg: +37.5% | Funding: +0.0787%
Agree or disagree? Let me know ๐
Follow for daily chart breakdowns ๐
My opinion only. Not financial advice, do your own research.
#ESPORTS #Analysis #Trading
