ESP Just Flushed — Smart Money Watching This Zone
ESPUSDT
Perp
0.0702
-9.25%
USDT just made a sharp drop from the 0.0919 high to the 0.0678 low, wiping out late longs and weak hands. Now price is hovering near 0.0697, which is a key reaction zone.
On the 1H chart, price is far below MA(7) & MA(25) — a sign of short-term bearish momentum, but also a potential oversold bounce area. This type of move often creates two scenarios:
1️⃣ Dead-cat bounce back toward 0.074–0.077
2️⃣ Breakdown below 0.067 for a continuation dump
This is a classic liquidity sweep + reaction zone.
Not a place to FOMO — this is a place to wait for confirmation.
📊 Levels to watch:
Support: 0.067–0.069
Resistance: 0.075 / 0.082
Trade with patience, not emotions.