$ESPORTS
âđš DANGER ALERT! ESPORTS/USDT: The Chart Is Lying To You! â ïž Rising Wedge Warning!
âDo NOT be fooled by the recent green wicks! The ESPORTS chart is forming one of the most reliable BEARISH REVERSAL patterns in crypto: the RISING WEDGE.
âđ ESPORTS/USDT (1H/4H Chart) - The Setup
âPattern: The price is consolidating within an upward-sloping channel where the high-to-low range is getting tighter. This shows buyers are running out of steam despite the price creeping up.
âMACD: The MACD (DIF line, red/pink) is already below the Signal line (DEA line) and is in negative territory. Momentum is already tilting BEARISH.
âThe Threat: The current price is right on the lower trendline support of the wedge (around $0.3447).
âđ„ Action Plan: Get Ready for the Drop!
âSIGNAL: BEARISH REVERSAL IMMINENT
âTrigger: Confirmation is a break and close below the lower trendline (around $0.3447).
âTarget 1 (Post-Break): $0.30 (The psychological level and previous support)
âTarget 2 (Main Target): $0.273 (Mid-range support)
âInvalidation (Stop Loss): A break and close above the last local high of $0.42 invalidates the wedge.
âDO NOT CHASE THIS PUMP! A breakout to the downside often happens violently and can trigger a fast move back towards the $0.27 zone. Protect your capital and wait for the short setup confirmation!
â#ESPORTS #ShortSignal #RisingWedge #CryptoTrading #BinanceSquare #TradeSafe
