$ESP /USDT has surged over 150% in a short period and reached the 0.08 resistance zone. This sharp move shows strong momentum but also signals a higher risk of short-term exhaustion.
Recent bearish candles on the 1H timeframe indicate early profit-taking.
Price has been rejected near the recent high, with weakening bullish follow-through. Trading below the 0.075 level suggests a developing distribution phase and confirms short-term bearish pressure.
As long as price remains capped below the recent resistance, downside continuation remains the higher-probability scenario.
Trade Setup
Entry Range: 0.0710 – 0.0730
Target 1: 0.0665
Target 2: 0.0620
Target 3: 0.0580
Stop Loss: 0.0765
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