The real high-reward opportunities are often hidden behind traps—this rebound in $ESPORTS is one to watch carefully. The daily moving averages are still in a bearish alignment, with the price below them, so the broader trend hasn’t changed. The volume behind this one-hour rally isn’t convincing; it looks more like a bull trap, and chasing it could leave you catching a falling knife.
My view is that there’s a good chance the rebound will meet resistance near the moving averages. Rather than trying to call the bottom, it’s better to follow the broader trend and look for a pullback. Of course, short-term buyers are still pushing the price up, so keep your position size small. As long as the structure holds, further downside remains the main scenario. Just keep a close eye on how the price reacts at key levels.
🔴 Trade direction: Short
📍 Entry range: 0.0090823 – 0.0091241
🛑 Stop loss: 0.0095646
🎯 Take profit 1: 0.0087571
🎯 Take profit 2: 0.0085263
🎯 Take profit 3: 0.0081803
There’s no need to chase the spotlight; it will linger on its own.
Stand shoulder to shoulder with Sister Li, and let every moment leave an echo.
#ESPORTS
Click below to trade 👇
My view is that there’s a good chance the rebound will meet resistance near the moving averages. Rather than trying to call the bottom, it’s better to follow the broader trend and look for a pullback. Of course, short-term buyers are still pushing the price up, so keep your position size small. As long as the structure holds, further downside remains the main scenario. Just keep a close eye on how the price reacts at key levels.
🔴 Trade direction: Short
📍 Entry range: 0.0090823 – 0.0091241
🛑 Stop loss: 0.0095646
🎯 Take profit 1: 0.0087571
🎯 Take profit 2: 0.0085263
🎯 Take profit 3: 0.0081803
There’s no need to chase the spotlight; it will linger on its own.
Stand shoulder to shoulder with Sister Li, and let every moment leave an echo.
#ESPORTS
Click below to trade 👇