ESPORTS: Trader Banks $9M on Aster_DEX Short
ESPORTS short on Aster_DEX delivers $9M profit and 806% return for one trader who withdrew initial $1M capital.
SourceAnalysis
A trader turned $1M into over $9M on Aster_DEX via a single 1x short on ESPORTS, achieving an 806% return in less than a month according to @lookonchain. The position opened June 18 with 1M USDT deposit, realizing $4.28M already while holding a massive short with $4.77M unrealized gains.
Price action on the ESPORTS 4h chart shows the token trading at $0.03 inside Bollinger Bands with upper resistance at $0.03, while the neutral RSI at 51.76 and MACD golden cross suggest potential for continuation despite the bearish EMA structure between $0.03 and $0.06. This setup supports further downside in ESPORTS price prediction models amid ongoing crypto derivatives trading interest.
Lookonchain
@lookonchainLooking for smartmoney onchain