【$ESPORTS Signal】Bearish dominance, funding rate extremely abnormal

$ESPORTS Funding rate surges to 0.34%, short positions' cost hits recent high. 1H MACD red bars continuously shrink, bullish resistance gradually weakens. 4H Bollinger Band lower band -0.21, price remains close to 0.04, continuously hugging the ground. Order book buy-sell depth ratio 2.0, heavy orders below, but sellers are more willing to push prices down, every rebound is quickly pushed back.
🎯Direction: Short
⚡Entry/Order: 0.041475 - 0.041600
🛑Stop loss: 0.042016
🚀Target 1: 0.040976
🚀Target 2: 0.040664
🛡️Trade management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into entry zone, automatically exit to protect principal.
1H RSI below 42, still far from oversold, bearish momentum still has room to release. However, if the 0.34% rate persists, watch out for short-term short squeeze, strictly execute stop loss.
View real-time market 👇 $ESPORTS
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