The breakout was fake, and the stop-loss hunters are back in the game. Don't chase the green candles—look where the volume is actually flowing. 🐋📉
$ESPORTS – SHORT 📉
ESPORTS
Alpha
0.34027
+2.33%
Trade Plan
Entry: 0.40400 – 0.40700
SL: 0.41500 (Above the recent spike high)
TP1: 0.39800
TP2: 0.39400
TP3: 0.38800
Why this setup?
Rejection at Resistance: We failed to hold the breakout above 0.42800, leading to a sharp rejection that confirms the liquidity grab.
Momentum Cooling: The RSI(6) at 47.4 shows the initial buying frenzy has completely faded, leaving the bulls trapped.
SuperTrend Flip: We are now testing the SuperTrend support line at 0.39981; a clean break below this confirms a bearish trend continuation.
Do you think ($ESPORTS) is heading back to the 0.39 support, or is this just a quick retest before another leg up? 🤔💬
Watching this closely 👀
MOVRUSDT
دائم
1.643
-9.02%
METISUSDT
دائم
3.443
-4.54%