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This fake breakout on ESPORT—95% of people are going long.
$ESPORTS /USDT - Going short SHORT
Trading plan:
Entry: 0.01416 – 0.01432
SL: 0.01501
TP1: 0.01367
TP2: 0.01328
TP3: 0.01271
Why focus on this structure?
• The 1D trend is clearly bearish; the 4H RSI is 56.36, and the rebound has no strength.
• The current price is 0.01424, right sitting on the EMA pressure zone—bears are building up.
• Why now? Because after the fake breakout, the retest confirms; the downside TP1 is at 0.01367, and the risk-reward ratio is close to 3:1.
Discussion:
Do you believe this move will go straight into TP2 at 0.01328, or will it pump first for a liquidity grab before getting dumped?