$ESPORTS
🚨 DANGER ALERT! ESPORTS/USDT: The Chart Is Lying To You! ⚠️ Rising Wedge Warning!
Do 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.
📉 ESPORTS/USDT (1H/4H Chart) - The Setup
Pattern: 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.
MACD: The MACD (DIF line, red/pink) is already below the Signal line (DEA line) and is in negative territory. Momentum is already tilting BEARISH.
The Threat: The current price is right on the lower trendline support of the wedge (around $0.3447).
🔥 Action Plan: Get Ready for the Drop!
SIGNAL: BEARISH REVERSAL IMMINENT
Trigger: Confirmation is a break and close below the lower trendline (around $0.3447).
Target 1 (Post-Break): $0.30 (The psychological level and previous support)
Target 2 (Main Target): $0.273 (Mid-range support)
Invalidation (Stop Loss): A break and close above the last local high of $0.42 invalidates the wedge.
DO 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!
#ESPORTS #ShortSignal #RisingWedge #CryptoTrading #BinanceSquare #TradeSafe
