Last night at 22:38, I called for buying the $ESPORTS pullback at 0.0145, with a target of 0.0170. It hit within an hour, then peaked at 0.0225 around 3 a.m.—up 55% from the entry. Did you get in?
What’s my take after taking profits? I’m still bullish, but I won’t chase:
1️⃣ At 5 a.m., a large bearish candle slammed the price from 0.0215 to 0.0156, with a 27% wick in an hour. Open interest fell from 22.2 million U to 16.2 million U, and high-leverage longs were basically wiped out.
2️⃣ The price immediately recovered to 0.019 after the shakeout. On the retest at 8 a.m., it only dipped to 0.0167—the lows are rising.
3️⃣ The long/short account ratio is 0.91, with 52% of accounts still short. There’s still fuel for a short squeeze.
Risk: The funding rate is +0.10%, so longs are paying a hefty cost. A break below 0.0155 would mean the shakeout has turned into distribution.
Plan: Scale in between 0.0168 and 0.0172. First target: 0.0204, then the previous high at 0.0225. I’ll admit I’m wrong if it breaks below 0.0155.
The previous high is 0.0225. Do you think it’ll break this time?
#ESPORTS #山寨币 #合约 #Market Analysis
What’s my take after taking profits? I’m still bullish, but I won’t chase:
1️⃣ At 5 a.m., a large bearish candle slammed the price from 0.0215 to 0.0156, with a 27% wick in an hour. Open interest fell from 22.2 million U to 16.2 million U, and high-leverage longs were basically wiped out.
2️⃣ The price immediately recovered to 0.019 after the shakeout. On the retest at 8 a.m., it only dipped to 0.0167—the lows are rising.
3️⃣ The long/short account ratio is 0.91, with 52% of accounts still short. There’s still fuel for a short squeeze.
Risk: The funding rate is +0.10%, so longs are paying a hefty cost. A break below 0.0155 would mean the shakeout has turned into distribution.
Plan: Scale in between 0.0168 and 0.0172. First target: 0.0204, then the previous high at 0.0225. I’ll admit I’m wrong if it breaks below 0.0155.
The previous high is 0.0225. Do you think it’ll break this time?
#ESPORTS #山寨币 #合约 #Market Analysis
