🔻$ESPORTS SHORT SETUP – Bears Eyeing a Potential Pullback.
Short Entry: 0.0218 - 0.0225
TP1: 0.0117
TP2: 0.0114
TP3: 0.01
SL: 0.030
Setup Logic:
Price has experienced a strong upward rally, forming consecutive higher highs and higher lows. However, the latest price action shows rejection near the recent highs, suggesting that buying pressure may be weakening after the extended move.
We are looking for a potential short-term bearish correction as early buyers begin taking profits and sellers attempt to gain control. A failure to reclaim the recent high, followed by a breakdown of nearby support, could open the door for further downside toward our target levels.
The short setup is based on a potential loss of bullish momentum and a corrective move, with confirmation from continued selling pressure.
Short Entry: 0.0218 - 0.0225
TP1: 0.0117
TP2: 0.0114
TP3: 0.01
SL: 0.030
Setup Logic:
Price has experienced a strong upward rally, forming consecutive higher highs and higher lows. However, the latest price action shows rejection near the recent highs, suggesting that buying pressure may be weakening after the extended move.
We are looking for a potential short-term bearish correction as early buyers begin taking profits and sellers attempt to gain control. A failure to reclaim the recent high, followed by a breakdown of nearby support, could open the door for further downside toward our target levels.
The short setup is based on a potential loss of bullish momentum and a corrective move, with confirmation from continued selling pressure.
