A clear trap is forming on the 4-hour chart for coin $ESPORTS , and everyone is oblivious, seeing it merely as a dip buy opportunity! ๐๐ฅ The 4-hour chart whispers of a bearish bias with a confidence level of 86%, and the RSI indicator on the 15-minute timeframe shows weakening momentum and ongoing negative pressure at 43.6 on the smaller timeframes, paving the way for an imminent price rejection.
I opened a strong short position, with extremely low risk and perfect entry:
๐น Entry: 0.02863 โ 0.02903
๐ Stop: 0.03368
๐ฏ Targets: 0.02519 | 0.02277 | 0.01913
Positioning from levels of 0.02883 aims directly at the first target with a 12% drop before any bounce occurs, and the ATR indicator on the hourly timeframe shows that volatility is strong and alive, with a break of this structure approaching, giving full advantage to the bears to kick off a swift downward journey based on the digital data.
I opened a strong short position, with extremely low risk and perfect entry:
๐น Entry: 0.02863 โ 0.02903
๐ Stop: 0.03368
๐ฏ Targets: 0.02519 | 0.02277 | 0.01913
Positioning from levels of 0.02883 aims directly at the first target with a 12% drop before any bounce occurs, and the ATR indicator on the hourly timeframe shows that volatility is strong and alive, with a break of this structure approaching, giving full advantage to the bears to kick off a swift downward journey based on the digital data.