I’ve seen this movie before: Listing ➡️ Airdrop Dump ➡️ Despair ➡️ The Real Rally. 🔄
Analysis: $ESP is currently in the "Despair" phase. New traders are selling at a loss, but the #esp foundation is backed by Sequoia and a16z. They aren't going anywhere. 🏛️
Signal: 🟡 WAIT for the RSI to cross above 30 on the 4H chart before going long.
Protect your port: don't buy the first dip; buy the first higher low. 🛡️
ESPUSDT
Perp
0.0621
-12.38%
LISTAUSDT
Perp
0.093
-1.58%
$SYS #esp #TradingPsychology #RiskManagement #wealth