【$ESPORTS Signal】1H Breakout and Retest Confirmation, Short-term Short Squeeze

$ESPORTS The 1H timeframe has experienced a volume-driven rally and is now in the retest confirmation stage after breaking out. The 4H timeframe has formed three consecutive bullish candles, strongly breaking through the previous consolidation zone, indicating a trend reversal to bullish. The current price is supported above the 1H EMA20 (0.3671), and the 1H RSI (68.06) remains in the strong zone, not entering overbought territory. The pullback presents an opportunity. Market depth shows buy orders accumulating around 0.3789-0.3790 (1336+873), forming immediate support.

🎯Direction: Long (Long)

🎯Entry/Order: 0.3790 - 0.3800 (Reason: Retest of 1H EMA20 support zone, combined with concentrated buy orders in market depth )

🛑Stop Loss: 0.3745 (Reason: Break below the previous 1H candle low and ATR lower band )

🚀Target 1: 0.3860 (Reason: Previous high resistance level, also the intraday high )

🚀Target 2: 0.3920 (Reason: 0.618 Fibonacci retracement of the previous 4H decline )

🛡️Trade Management:

- Position Size Suggestion: Light (Reason: Hot coins are highly volatile, risk control is essential )

- Execution Strategy: After reaching Target 1, reduce position by 50%, and move the stop loss of the remaining position to the entry price (break-even). If the price strongly breaks above 0.3860 and stabilizes, hold the remaining position towards Target 2.

Depth Logic: Over the past 24 hours, the price increased by 8.3%, with volume and price rising together. Key is the trend of open interest (OI), which remains stable and does not decline sharply with the price correction, indicating that bullish positions are not panicking out, showing healthy adjustment. The funding rate of 0.0050% is positive but not high, avoiding excessive leverage squeeze risk. The buy/sell ratio on the 1H chart in the latest candle is 0.35, relatively low, indicating short-term selling pressure, which provides a better entry point for a pullback. Coupled with the enlarged bullish body on the 4H candles, the main force’s bullish intent is clear.

Trade here 👇 $ESPORTS

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