$ESPORTS is showing a pullback/rejection short setup after a sharp breakout from the $0.0095 area into $0.01413, followed by strong selling pressure.
Buyers still have the broader momentum, but the rejection near the recent high suggests short-term liquidity is being taken above $0.0140 before a retracement. Current derivatives data also shows meaningful open interest and positive funding, increasing the importance of avoiding a blind long after the pump.
EP: $0.01260–$0.01295
TP1: $0.01110
TP2: $0.01000
TP3: $0.00950
SL: $0.01345
The key liquidity zone is $0.0132–$0.01413; a failed reclaim of this area supports the short structure, while $0.01110 is the first major pullback level. The setup is invalidated if price decisively reclaims $0.01345 and holds above it; the targets are based on existing chart support rather than an extreme downside projection.
Buyers still have the broader momentum, but the rejection near the recent high suggests short-term liquidity is being taken above $0.0140 before a retracement. Current derivatives data also shows meaningful open interest and positive funding, increasing the importance of avoiding a blind long after the pump.
EP: $0.01260–$0.01295
TP1: $0.01110
TP2: $0.01000
TP3: $0.00950
SL: $0.01345
The key liquidity zone is $0.0132–$0.01413; a failed reclaim of this area supports the short structure, while $0.01110 is the first major pullback level. The setup is invalidated if price decisively reclaims $0.01345 and holds above it; the targets are based on existing chart support rather than an extreme downside projection.
