Proposed Sell (Short) Trade on $ESPORTS



The price shows strong resistance at the pivot zone, while the bearish market structure continues. As long as the price remains below the resistance level, selling pressure remains the most likely scenario.

Trading Plan:

· Entry Point: 0.02890 – 0.02910
· Stop Loss (SL): 0.02960
· Take Profit Targets:
· TP1: 0.02850
· TP2: 0.02810
· TP3: 0.02770

Rationale: The failure of buyers to break through resistance strengthens the sellers’ control, with a possibility that the bearish wave may extend toward the next support levels.

---

💰 Trade now on $ESPORTS ‌ from here 👇
ESPORTS1.69%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
Add a comment
Add a comment
FrontrunTherapy
· 4h ago
The short structure is intact, but be careful of wicks on the weekend — don't have too heavy positions.
View OriginalReply0
GateUser-bee672a5
· 4h ago
Place a limit order at 0.02910, set stop loss at 0.02965, TP1 first reduce position.
View OriginalReply0
BluePeonyPlan
· 5h ago
The logic behind this short position is quite clear, the pivot zone resistance is indeed heavy. I'm in.
View OriginalReply0
SlippageSiren
· 5h ago
The liquidity of ESPORTS, shouldn't we loosen the SL a bit?
View OriginalReply0
  • Pinned