$ESP /USDT — BEARISH BREAKDOWN CONTINUATION 🔴
-24.70% with ABOVE AVERAGE volume — more downside expected
🔴 SHORT SETUP
Entry Zone: $0.0568–0.0572 (current consolidation)
Stop Loss: $0.0590 (above recent rejection)
Take Profit:
· TP1: $0.0562 (retest 24H low)
· TP2: $0.0550
· TP3: $0.0535
Risk/Reward: 1:3
Leverage: 3–5x
📊 WHY SHORT
· Volume: 23.68M vs MA(5): 20.07M — 18% ABOVE average ✅
· Price trading near 24H low of $0.05623
· Today: -25.71% — strong bearish momentum
· No bullish reversal pattern visible
· 24H range: $0.05623 – $0.08546 — trading at BOTTOM
🟢 LONG? DANGEROUS
Only if:
· Price holds $0.05620 for 2+ hours
· Forms clear bullish reversal candle
· Volume spikes on bounce
Currently: Bears in full control, no buying interest
🎯 KEY LEVELS
· Support: $0.05620 (24H low — must hold for any bounce)
· Break below → next support $0.0530
· Resistance: $0.0583** → **$0.0600
📉 VERDICT
Trend: DOWN
Volume: Confirms selling
Price: Near lows
Path of least resistance = LOWER.
Wait for break below $0.05620 for continuation short,
or small bounce to $0.058–0.059 to short again.
Not financial advice. Falling knife — wait for confirmation or use tight stops.
