$ESPORTS is around 0.01863, down about 2.10% in 24h and still trading close to the lower side of the daily range between 0.01772 and 0.02066. The chart looks weak overall, but I would not short directly at the low. The cleaner setup is waiting for a bounce into resistance and then looking for rejection.
Bias: Short on bounce
Entry zone: 0.01920 to 0.01980
Stop: above 0.02080
TP1: 0.01775
TP2: 0.01680
TP3: 0.01550 if selling pressure continues
The key area is 0.01980 to 0.02080. If ESPORTS bounces there and rejects, sellers still have control. If it reclaims 0.02080 with strong volume, I’d cancel the short idea because that could turn into a relief squeeze.
Bias: Short on bounce
Entry zone: 0.01920 to 0.01980
Stop: above 0.02080
TP1: 0.01775
TP2: 0.01680
TP3: 0.01550 if selling pressure continues
The key area is 0.01980 to 0.02080. If ESPORTS bounces there and rejects, sellers still have control. If it reclaims 0.02080 with strong volume, I’d cancel the short idea because that could turn into a relief squeeze.