The window is narrowing, and the divergence is widening. $ESPORTS 's four-hour and hourly prices are both below the moving averages, and the bearish alignment remains intact. The daily chart is also below the medium- and long-term moving averages, with the broader trend still sloping downward. In this kind of structure, rebounds are more likely to meet selling pressure.
Short-term momentum favors buyers, so I won't chase the price. I'll wait for a pullback into the resistance zone above before considering a short position. If volume doesn't expand significantly, the downtrend is more likely to continue. Until key levels are reclaimed, the structure still favors the bears.
🔴 Trade direction: Short
📍 Entry range: 0.0091180 – 0.0091658
🛑 Stop loss: 0.0097613
🎯 Take profit 1: 0.0086774
🎯 Take profit 2: 0.0083678
🎯 Take profit 3: 0.0079033
Gaze upon the vastness of mountains and seas; observe the market's finer details.
Walk alongside Uncle Xiong and witness the rise and fall of fortunes.
#ESPORTS
Click below to trade 👇
Short-term momentum favors buyers, so I won't chase the price. I'll wait for a pullback into the resistance zone above before considering a short position. If volume doesn't expand significantly, the downtrend is more likely to continue. Until key levels are reclaimed, the structure still favors the bears.
🔴 Trade direction: Short
📍 Entry range: 0.0091180 – 0.0091658
🛑 Stop loss: 0.0097613
🎯 Take profit 1: 0.0086774
🎯 Take profit 2: 0.0083678
🎯 Take profit 3: 0.0079033
Gaze upon the vastness of mountains and seas; observe the market's finer details.
Walk alongside Uncle Xiong and witness the rise and fall of fortunes.
#ESPORTS
Click below to trade 👇