$ESP Trade Signal: ESP/USDT (Short)
Direction: SHORT 📉
Entry Zone: 0.0810 – 0.0825 (current pullback / resistance-turned-support breakdown)
Take Profit 1: 0.0755 (recent swing low / 0.236 Fib retrace)
Take Profit 2: 0.0680 (next demand zone / 0.382 Fib)
Take Profit 3: 0.0550 (deeper retrace / 0.618 Fib from 24h low)
Stop Loss: 0.0900 (above 24h high & local peak)
Risk/Reward: ~1:2.5 (based on TP2)
Bearish Rationale:
· ESP pumped +220% from 24h low (0.02780) to high (0.08886) – extreme move, typically followed by sharp profit‑taking.
· Current price (0.08159) is below the 24h high, showing rejection and early distribution.
· Volume is high but may be fading near the top – watch for bearish divergence on lower timeframes.
· Key Fibonacci retracement levels (0.382, 0.5, 0.618) align with visible supports (0.0755, 0.0680, 0.0550).
· “Infrastructure + Gainer” tags often attract hype, but momentum can reverse just as quickly.
Confirmation:
Wait for a 1h close below 0.0800 or a clear bearish engulfing candle on the 15m/1h before entering.$ESP
Risk Warning: Extremely volatile – use tight position sizing and consider partial exits at TP1.#BitcoinGoogleSearchesSurge