$ESPORTS Watch for short opportunities. At first glance the market looks pretty strong, but this kind of move is most likely to trap people who chase the price.

The resistance zone is still working—on the 4-hour timeframe, the short structure is intact, and the daily chart is also overall bearish. Price has repeatedly been rejected in the range of 0.02104 to 0.02163. On the 15-minute chart, the RSI is around 45, which is neutral, and there’s room for further pullback to the downside. Also, the volume data confirms real selling pressure, not just noise.

I’ve already entered the trade. Everyone can watch for an entry around 0.021. Downside, it may test 0.018 or even lower. In terms of execution, don’t go in too aggressively—set a stop-loss around 0.0255 and manage your risk carefully.