The ESPORTS strategy I shared earlier has already played out profitably this round. Don’t get thrown off by traps—the breakout is still the main play. $BR On the four-hour chart, price is pinned below both the EMA50 and EMA200, with the moving averages in a bearish alignment. In this structure, a rebound looks more like a bull trap than a reversal. Volume shows no signs of supporting an upside breakout, and every bounce has formed an upper wick below key levels, indicating that sellers are still in control.
I’m more inclined to view the current range as a launchpad for further downside, rather than a place to buy the dip. Once the downside opens up, moves can often be faster than expected. The logic behind this short is to follow the trend, not to bet on direction. If price rebounds into the cluster of moving averages overhead, that will be an opportunity to test the strength of the bears.
🔴 Trade direction: Short
📍 Entry range: 0.4623772 – 0.4646110
🛑 Stop loss: 0.4932483
🎯 Take profit 1: 0.4411784
🎯 Take profit 2: 0.4263013
🎯 Take profit 3: 0.4039857
Take in the vastness of mountains and seas; observe the market’s every detail.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#BR
Click below to trade 👇
I’m more inclined to view the current range as a launchpad for further downside, rather than a place to buy the dip. Once the downside opens up, moves can often be faster than expected. The logic behind this short is to follow the trend, not to bet on direction. If price rebounds into the cluster of moving averages overhead, that will be an opportunity to test the strength of the bears.
🔴 Trade direction: Short
📍 Entry range: 0.4623772 – 0.4646110
🛑 Stop loss: 0.4932483
🎯 Take profit 1: 0.4411784
🎯 Take profit 2: 0.4263013
🎯 Take profit 3: 0.4039857
Take in the vastness of mountains and seas; observe the market’s every detail.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#BR
Click below to trade 👇