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ESPORTS: The last binge for the longs?
$ESPORTS /USDT - Going short (SHORT)
Trading plan:
Entry: 0.01750 – 0.01800
SL: 0.02011
TP1: 0.01598
TP2: 0.01480
TP3: 0.01303
Why watch this setup?
- The 4-hour structure is clearly bearish: EMA trend is downward, and the daily chart is dominated by a bear market.
- Current price is 0.01775; 15-minute RSI is 65.26, close to the overbought zone—this is the right SHORT entry point.
- Target TP1: 0.01598, TP2: 0.01480, with risk only at SL 0.02011—excellent reward-to-risk ratio.
Discussion:
Will this SHORT hit TP2 first, or will it be a bull-trap rally back to 0.018?