【$ESPORTS Signal】Short squeeze structure forming, main funds continue to support

$ESPORTS 1H level price tightly hugging the upper Bollinger Band, RSI soaring to 80, signs of a break in buying momentum emerging. The 4-hour MACD histogram is still expanding, but the 1-hour momentum is beginning to contract, a typical pattern of a sharp rise followed by high-level consolidation. Market depth data shows significant sell orders stacked above 0.386, while buy orders are very deep around 0.385, fully exposing the support intent of the funds. Open interest remains stable, and the price is holding firm without falling. Under this structure, chasing the high directly carries great risk, but abandoning might mean missing a secondary rally by the main players.

🎯Direction: Pull back and go long

⚡Entry/Orders: Layered entries in the 0.345 - 0.354 range

🛑Stop loss: 0.3287

🚀Target 1: 0.4568

🚀Target 2: 0.5080

🛡️Trading management:
- Execution strategy: After reaching the first target, reduce position by half, and move the remaining stop loss up to the entry price. If the price cannot stay above 0.385 and quickly falls back, beware of a false breakout and be ready to exit at any time.

Currently, the funding rate has turned positive but is not high, with no signs of extreme greed. The 1-hour EMA20 forms a dynamic support at 0.356, coinciding with the upper boundary of the suggested entry zone. More importantly, the 4-hour candlestick has broken out of the upper Bollinger Band, which usually requires a pullback for confirmation. The area below 0.345-0.354 is not only a previous accumulation zone but also close to the strong support at the 4-hour EMA50, with a risk-reward ratio close to 4:1. It’s worth using a smaller position to attempt a healthy pullback and go long. Market psychology suggests that after a sharp rise, sideways consolidation often digests profit-taking and prepares for the next wave.

Check real-time market 👇 $ESPORTS
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