Parabolic Spike Showing Exhaustion Signs

$ESP /USDT

Trade Plan

Entry $0.0740 to $0.0820

Stop Loss $0.0900

TP1 $0.0650

TP2 $0.0550

TP3 $0.0450

Why this setup

ESP printed an extreme vertical rally followed by immediate rejection wicks near $0.0850 to $0.0880. The 1H structure shows loss of momentum after the blow off move, which often leads to a sharp correction. As long as price trades below $0.0850, downside retracement toward the $0.0550 liquidity zone remains likely.

Is this just a small pullback or the start of a deeper correction toward $0.0450

Buy and Trade $ESP

ESPUSDT

Perp

0.07548

-0.84%