ESPNew Listing Market Insight 🚀
ESP is showing extreme volatility after listing, with a massive +155% 24H surge. This type of move is typical for new listings due to hype, low initial liquidity, and FOMO buying.
🔎 Price Volatility
New listings often follow this pattern:
1. Initial Pump (early buyers + hype)
2. Sharp Pullback (profit-taking)
3. Consolidation Phase
After a 150%+ rally, a 30–60% correction is very common. If early investors start locking profits, selling pressure can increase quickly.
📉 Notable Decline Risk
Watch for:
* Long upper wicks on candles (rejection)
* Decreasing volume on pumps
* Sudden large red candles
If the price loses key support (previous breakout level), deeper correction is possible.
💰 Buy or Sell?
* Short-term traders: Wait for pullback & support confirmation before entering. Avoid chasing green candles.
* Long-term holders: Research fundamentals. Don’t buy only because of hype.
* Already in profit? Consider partial profit-taking to reduce risk.
⚠️ My suggestion: Avoid emotional trading. Let volatility cool down before making major entries.
Are you trading ESP short-term scalp or holding for long-term growth?
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