The breakout window waits for no one, and the market structure of $ESPORTS is showing signs of confirmation—the moving averages across the daily, four-hour, and one-hour timeframes are all above the price. With this layered resistance in place, any rebound looks more like an opportunity for bears to get positioned. Volume hasn’t expanded enough to signal a structural reversal, which suggests buyers still aren’t strong enough to take control. I’m leaning toward continued downside here rather than trying to call a bottom.
As long as the structure holds, the short thesis remains valid. Keep your position size light; moderate conviction isn’t a reason to go in heavy.
🔴 Trade direction: Short
📍 Entry range: 0.0089799 – 0.0090217
🛑 Stop loss: 0.0094106
🎯 Take profit 1: 0.0086935
🎯 Take profit 2: 0.0084886
🎯 Take profit 3: 0.0081813
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
Tap below to trade 👇
As long as the structure holds, the short thesis remains valid. Keep your position size light; moderate conviction isn’t a reason to go in heavy.
🔴 Trade direction: Short
📍 Entry range: 0.0089799 – 0.0090217
🛑 Stop loss: 0.0094106
🎯 Take profit 1: 0.0086935
🎯 Take profit 2: 0.0084886
🎯 Take profit 3: 0.0081813
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
Tap below to trade 👇