The TUT strategy setup shared earlier has played out, and this round of profits is already secured. Breakouts often need confirmation, and $ESPORTS the daily chart structure has already provided the answer—the price is below EMA50 and EMA200, with the moving averages in bearish alignment, pointing to a broader downtrend. Four-hour momentum is weakening in tandem; each rebound is less forceful than the last, and volume has failed to follow through.
In this kind of setup, I prefer to follow the trend and look for short entries rather than try to call a bottom. Only after key support gives way will more downside open up; short-term rebounds are more of an opportunity for bears to take positions. Keep positions light and don't mistake a rebound for a reversal.
🔴 Trade direction: Short
📍 Entry range: 0.0097677 – 0.0098533
🛑 Stop loss: 0.0108846
🎯 Take profit 1: 0.0090048
🎯 Take profit 2: 0.0084677
🎯 Take profit 3: 0.0076621
Gaze upon the vastness of mountains and seas; observe the market's subtle shifts.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#ESPORTS
Click below to trade 👇
In this kind of setup, I prefer to follow the trend and look for short entries rather than try to call a bottom. Only after key support gives way will more downside open up; short-term rebounds are more of an opportunity for bears to take positions. Keep positions light and don't mistake a rebound for a reversal.
🔴 Trade direction: Short
📍 Entry range: 0.0097677 – 0.0098533
🛑 Stop loss: 0.0108846
🎯 Take profit 1: 0.0090048
🎯 Take profit 2: 0.0084677
🎯 Take profit 3: 0.0076621
Gaze upon the vastness of mountains and seas; observe the market's subtle shifts.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#ESPORTS
Click below to trade 👇