The ETH strategy we positioned earlier has now successfully captured its profit potential. This isn't indecision—it's the silence before the breakout. $ESPORTS On the daily, four-hour, and one-hour charts, price is below the EMA50, and the EMA50 itself is below the EMA200. The trend direction across all three timeframes is unusually aligned to the downside.
In this structure, a bounce is merely a correction, not a reversal. I’m watching to see whether buying support quickly fades when the price reaches the cluster of moving averages. Volume hasn’t expanded alongside the bounce, which shows sellers are still in control. Once the key level gave way, the downside opened up—and that’s the basis for this short trade.
🔴 Trade direction: Short
📍 Entry range: 0.0088340 – 0.0088752
🛑 Stop-loss: 0.0091959
🎯 Take profit 1: 0.0085987
🎯 Take profit 2: 0.0084281
🎯 Take profit 3: 0.0081721
Take in the vastness of mountains and seas; observe the market’s finer details.
Walk alongside Uncle Xiong and witness the rises and falls of the world.
#ESPORTS
Click below to trade 👇
In this structure, a bounce is merely a correction, not a reversal. I’m watching to see whether buying support quickly fades when the price reaches the cluster of moving averages. Volume hasn’t expanded alongside the bounce, which shows sellers are still in control. Once the key level gave way, the downside opened up—and that’s the basis for this short trade.
🔴 Trade direction: Short
📍 Entry range: 0.0088340 – 0.0088752
🛑 Stop-loss: 0.0091959
🎯 Take profit 1: 0.0085987
🎯 Take profit 2: 0.0084281
🎯 Take profit 3: 0.0081721
Take in the vastness of mountains and seas; observe the market’s finer details.
Walk alongside Uncle Xiong and witness the rises and falls of the world.
#ESPORTS
Click below to trade 👇