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$ESPORTS /USDT's rebound may be a trap, 95% confident in a bearish view.
ESPORTS_USDT - SHORT
Trading Plan:
Entry: 0.01639 – 0.01669
SL: 0.01798
TP1: 0.01546
TP2: 0.01474
TP3: 0.01366
Why focus on this structure?
- The 4-hour trend is clearly bearish, and the daily chart remains in a bearish structure.
- RSI 15-minute overbought (60.38), short-term rebound momentum fading.
- Current price is near the 1-hour EMA resistance of 0.01654, which is the right time to enter a SHORT.
- Why now? The rebound is suppressed, and bearish signals are highly consistent.
Discussion:
Will it first hit TP1 at 0.01546, or pump to trap longs?