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ESPORTS short positions with a 95% win rate—are you game?
$ESPORTS /USDT - SHORT
Trading plan:
Entry: 0.04207 – 0.04509
SL: 0.05808
TP1: 0.03271
TP2: 0.02546
TP3: 0.01458
Why focus on this structure?
- 4-hour EMA dead cross confirmation, the 1-day trend is clearly bearish
- RSI on the 15-minute chart is 47.22; rebounds lack strength, bears are in control
- Current price is 0.04358; TP1 target is 0.03271, upside of 25%+
- Why now? Stop loss at 0.05808; reward-to-risk ratio is over 2.5x, risk is controllable
Discussion:
Will this short get harvested by reaching TP1 first, or will it lure longs with a rebound before dropping?