$ESPORTS – Short Liquidation Alert
Liquidation Size: $3.8672K
Liquidation Price: $0.43195
Market Insights:
#ESPORTS showed a strong bearish reaction after hitting recent resistance near $0.44. The short liquidation indicates heavy leverage being taken out, which often signals a continuation of the bearish momentum. Volume has spiked slightly, confirming selling pressure.
Next Move:
Traders should watch for a retracement toward the $0.44-$0.442 region for potential short entries. A decisive break below $0.42 could accelerate further downside.
Targets (TG):
TG1: $0.4180 – Immediate support level, potential bounce.
TG2: $0.4050 – Secondary support, likely to see reaction.
TG3: $0.3920 – Strong bearish continuation target, last major support in this range.
Strategy:
Momentum traders can look for short entries on minor retracements, while risk-averse traders might wait for a confirmed break below $0.42 before entering.
