$ESPORTS just took a sharp hit and the chart is screaming pressure.
Price $0.43223 and down 7.17 percent. Market cap 100.00M with 3.94M on chain liquidity. FDV 389.01M and holders 58,870.
On the 15 minute chart the trend is clearly bearish with heavy sell candles and lower lows. Price is trading under all key moving averages which keeps sellers in control. MA7 0.43703 MA25 0.44447 MA99 0.45912. That means every bounce is getting sold near the averages.
Key levels. Immediate support 0.4320 to 0.4300. If this breaks clean the next drop zone is 0.4200 then 0.4100. Resistance 0.4380 to 0.4460. Stronger resistance 0.4530 to 0.4600.
Trade idea. Buy zone 0.428 to 0.433 only if it holds and prints a bounce. Targets 0.438 0.446 0.453. Stop loss 0.424.
If you want the safer play wait for reclaim above 0.446 then the move can extend toward 0.453 and 0.460.
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