Parabolic Spike Showing Exhaustion Signs ⚠️
$ESP /USDT — Correction Setup Forming
ESP just printed a vertical blow-off rally followed by sharp rejection wicks around 0.0850–0.0880, signaling buyers may be losing control after the spike.
📉 Trade Plan — $ESP (Short Bias)
Entry: 0.0740 – 0.0820
SL: 0.0900
🎯 Targets
TP1: 0.0650
TP2: 0.0550
TP3: 0.0450
Why this setup
• Extreme parabolic move → classic exhaustion behavior
• Immediate rejection at highs shows distribution
• 1H momentum rolling over after blow-off top
• Below 0.0850, downside retracement remains favored
• Liquidity resting near 0.0550 and deeper sweep possible to 0.0450
As long as ESP stays capped under 0.0850, sellers have the edge for a larger correction.
Is this only a pullback… or the start of a deeper flush? 👀
Trade $ESP here
#ESPUSDT #USRetailSalesMissForecast #USTechFundFlows #WhaleDeRiskETH #GoldSilverRally
