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Most traders are still buying ESPORTS while the 1D trend screams bearish.
$ESPORTS /USDT - SHORT
Trade Plan:
Entry: 0.02489 – 0.02533
SL: 0.02726
TP1: 0.02350
TP2: 0.02242
TP3: 0.02080
Why this setup?
With 95% confidence on a SHORT bias and RSI at 40.8 on the 15m, momentum is fading fast. The 4h structure points to a breakdown toward TP1 at 0.02350. Why now? Because price is hovering near entry 0.02511, and the 1h ATR of 0.000897 suggests volatility is ripe for a decisive move lower.
Debate:
Are you shorting this dip or waiting for a dead cat bounce to 0.02672 first?