High risk-reward setups often hide where sentiment is hottest. I choose to side with calm instead. The ESPORTSUSDT daily chart is trading below EMA50 and EMA200, and the medium-term trend has not tilted toward the bulls. In this structure, a rebound looks more like an opportunity for bears to make their move. The moving-average band overhead acts as resistance, and volume has not backed up sustained buying, so the odds of a rally fading are considerable.
I care more about the acceleration after a key level breaks than about trying to call the bottom. A rebound into the resistance zone is an opportunity presented by the chart structure. Place the stop outside the structure, keep the position size light, and focus on the first target before considering further downside.
🔴 Trade direction: Short
📍 Entry range: 0.0109631 – 0.0110791
🛑 Stop loss: 0.0124715
🎯 Take profit 1: 0.0099333
🎯 Take profit 2: 0.0092081
🎯 Take profit 3: 0.0081203
Take in the vastness of mountains and seas; observe the market's finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#ESPORTS
Click below to trade 👇
I care more about the acceleration after a key level breaks than about trying to call the bottom. A rebound into the resistance zone is an opportunity presented by the chart structure. Place the stop outside the structure, keep the position size light, and focus on the first target before considering further downside.
🔴 Trade direction: Short
📍 Entry range: 0.0109631 – 0.0110791
🛑 Stop loss: 0.0124715
🎯 Take profit 1: 0.0099333
🎯 Take profit 2: 0.0092081
🎯 Take profit 3: 0.0081203
Take in the vastness of mountains and seas; observe the market's finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#ESPORTS
Click below to trade 👇