Everyone expects $ESPORTS to pump hard and go back to $0.83 again.
But in my view, the story isn’t that simple.
The reason is simple: around 78% of traders are already holding long positions, while only around 22% are short. Yes, $ESPORTS might move a little higher from here. But a crazy pump back to $0.0083 like everyone is expecting? I’m not convinced. When almost everyone is on the same side, the market can sometimes surprise them with a correction first.
But in my view, the story isn’t that simple.
The reason is simple: around 78% of traders are already holding long positions, while only around 22% are short. Yes, $ESPORTS might move a little higher from here. But a crazy pump back to $0.0083 like everyone is expecting? I’m not convinced. When almost everyone is on the same side, the market can sometimes surprise them with a correction first.
