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Are eSports main players conspiring a massacre on the 4-hour chart?
$ESPORTS /USDT - SHORT (short sell)
Trading plan:
Entry: 0.02579 – 0.02799
SL: 0.03741
TP1: 0.01900
TP2: 0.01374
TP3: 0.00586
Why focus on this structure?
• A 95% high-confidence SHORT signal has been locked in, and the bearish trend on the 4H timeframe is clear.• RSI on the 15M timeframe is only 43.92; the rebound lacks strength, and the short momentum hasn’t been fully released yet.• If it breaks below 0.02579, TP1 at 0.01900 is close at hand, with a risk-reward ratio of more than 3:1.
Discussion:
Are you betting it rebounds first to 0.02799 and then drops, or does it break down immediately with a wick straight into TP1?