Is the esports rebound just a dead cat bounce?



$ESPORTS /USDT - SHORT sell

Trading plan:
Entry: 0.01542 – 0.01566
SL: 0.01669
TP1: 0.01468
TP2: 0.01410
TP3: 0.01324

Why focus on this structure?
- On the 4H timeframe it’s clearly bearish, the 1D trend stays bearish, with a 95% confidence level pointing to SHORT.
- RSI on 15M is 49.26, neutral to slightly weak; the rebound lacks the strength to break through key resistance.
- Based on the EMA structure, price is capped around 0.01554; the downside TP1 at 0.01468 offers significant room.
- Why now? The daily bearish alignment hasn’t changed; any lower-timeframe rebound is an opportunity to set up.

Discussion:
Will this SHORT hit TP1 first, or will it directly smash through 0.01410?
ESPORTS-4.52%
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