Many people only noticed after $ESPORTS dropped that something was wrong, but this move actually had signals long before. Sideways consolidation at the highs isn’t scary—what’s scary is when it keeps ranging for half a day without breaking upward, the bid pressure grows weaker and weaker; that’s when the structure is already clearly changing.



This short has been held since 0.04289. Throughout the process, I kept watching the strength of the bounce. As long as the bounce fails to break the key levels and the key positions keep moving lower, the shorts still have the initiative. Now the current price is 0.01449, and the return is +1303.78%. Once the volatility space opens up, this is the payoff for those who held steady earlier and didn’t act impulsively.

Trading doesn’t require taking action every second—the key is waiting until the order book shows the direction. Now that profit is in, I’ll take profit in batches with an 80/20 split. The rest will be held using protective levels; if it can extend, I’ll keep watching, and if it can’t extend, I won’t allow the gains to retrace sharply.

Don’t panic if you missed this move. After a sharp selloff, chasing can easily get you “educated” by a bounce. If you don’t chase, just wait—another opportunity will come.

$BTC $ETH
ESPORTS2.54%
BTC2.87%
ETH4.56%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned