$ESP USDT SHORT TRADE SIGNAL 🔻
$ESP is showing a clear bearish structure on the 1H timeframe after a strong initial pump and continuous lower highs formation. Price failed to reclaim the $0.065–$0.070 resistance zone and is now consolidating near $0.060 support. Weak bullish attempts with small-bodied candles indicate seller dominance and distribution.
The overall structure remains in a downtrend with sustained pressure below the dynamic resistance area.
Trade Setup:
Short Entry: $0.059 – $0.061
TP1: $0.055
TP2: $0.050
TP3: $0.045
SL: $0.066
As long as price remains below $0.066 resistance, continuation toward lower liquidity zones is expected. A breakdown below $0.057 support can accelerate momentum toward $0.050 and lower.
Market Outlook:
Short-term trend remains bearish with consistent lower highs and weak recovery attempts. Any rejection from the $0.062–$0.066 zone strengthens downside continuation. Invalidation occurs on strong reclaim above $0.066.
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