RSI 70+ still rising? Are you willing to catch the trap of $ESPORTS /USDT?



$ESPORTS /USDT - Short SHORT

Trading Plan:
Entry: 0.02263 – 0.02287
SL: 0.02387
TP1: 0.02191
TP2: 0.02135
TP3: 0.02051

Why focus on this structure?
The 15-minute RSI has surged to 70.89, with the 1-hour EMA resistance at 0.02275, and the 1D trend is clearly bearish. Now, entering the market—are you betting on a counter-trend bounce or following the trend to short? Based on ATR volatility of 0.000467, TP1 is set at 0.02191 and SL at 0.02387, offering a reasonable risk-reward ratio.

Discussion:
Will this wave hit TP2 first, or is it a bull trap to liquidate shorts?
ESPORTS-5.02%
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