$ESP USDT Bearish Continuation Signal 📉
The $ESP USDT chart on the 1H timeframe is showing a clear bearish continuation pattern with consistent lower highs and lower lows. After rejecting from the 0.130–0.132 resistance zone, the price has been steadily declining and is now trading near 0.113 support. The current momentum suggests sellers remain in control, and a breakdown below this level could trigger another leg down.
Trade Setup:
Entry Range: 0.1135 – 0.1150
Target 1: 0.1100
Target 2: 0.1065
Target 3: 0.1020
Stop Loss (SL): 0.1188
Key Levels:
Resistance: 0.1180 – 0.1220
Support: 0.1100 – 0.1065 – 0.1020
Short Outlook:
$ESP USDT remains under strong selling pressure as the market structure continues to form lower highs. If the price fails to reclaim the 0.118 resistance zone, the bearish momentum may push the pair toward 0.110 and 0.106 in the short term. A breakout above 0.1188 would invalidate the bearish setup and may lead to a short-term recovery.
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