ESPORTS is breaking out of its market structure, with a clear breach of the recent high. This zone matters because it's a confluence of multiple key levels, now acting as support.
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🟢 ESPORTS LONG 📈
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📍 Entry Range: $0.044226 – $0.044314
🛑 Stop Loss: $0.042942 (-3.0%)
🎯 TP1: $0.044934 (+1.5%)
🏆 TP2: $0.046483 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 88%
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The CHoCH signal fired as we broke the market structure, while CVD confirmed the direction with a significant spike in volume. FVG and OB are also overlapping in this area, creating a high-probability zone for a long setup. This confluence of signals suggests a strong potential for upside.
A 3.0% stop loss is relatively tight, so we'll want to keep leverage moderate to avoid overexposing the trade, likely in the range of 2-3x.
We'll look to take partial profits at the first target, allowing us to lock in some gains while letting the rest of the position ride, in case ESPORTS continues its momentum upwards.
Not financial advice — always manage your own risk 🙏
#ESPORTSUSDT $ESPORTS #SMC #Write2Earn #Binance