The PORTAL strategy structure I shared earlier played out, and profits from this round are already secured. Disagreements in the final stretch often test the patience of those holding positions the most. On the 4-hour chart for $ESPORTS , the price has remained under pressure from the moving averages, with no signs of a bullish shift in the swing structure. On the daily chart, EMA50 is below EMA200. This bearish alignment means the broader trend is still down, and the rebound looks more like an opportunity for bears to take positions.
Buyers are showing some pushback for now, but volume isn't strong enough to support a trend reversal. I view this modest rebound as a correction within the downtrend. As long as key levels hold, the structure remains bearish and the logic behind this short position remains valid. Just manage your position size, and don't mistake a rebound for a reversal.
🔴 Trade direction: Short
📍 Entry range: 0.0094328 – 0.0094908
🛑 Stop loss: 0.0101778
🎯 Take profit 1: 0.0089249
🎯 Take profit 2: 0.0085670
🎯 Take profit 3: 0.0080301
Behold the vastness of mountains and seas; observe the market's subtleties.
Join Uncle Xiong, and witness the gains and losses of the world.
#ESPORTS
Click below to trade 👇
Buyers are showing some pushback for now, but volume isn't strong enough to support a trend reversal. I view this modest rebound as a correction within the downtrend. As long as key levels hold, the structure remains bearish and the logic behind this short position remains valid. Just manage your position size, and don't mistake a rebound for a reversal.
🔴 Trade direction: Short
📍 Entry range: 0.0094328 – 0.0094908
🛑 Stop loss: 0.0101778
🎯 Take profit 1: 0.0089249
🎯 Take profit 2: 0.0085670
🎯 Take profit 3: 0.0080301
Behold the vastness of mountains and seas; observe the market's subtleties.
Join Uncle Xiong, and witness the gains and losses of the world.
#ESPORTS
Click below to trade 👇