$ESP Trade Setup (1H Timeframe)
$ESP is currently trading around 0.06040 after a sharp rejection from the 0.08886 high. Price is forming a clear downtrend with lower highs and lower lows. After heavy selling pressure (-21%), the pair is now trying to stabilize near the 0.0570 – 0.0600 support zone.
🔹 Short Setup (Trend Continuation)
Entry: 0.0615 – 0.0640
Stop Loss: 0.0705
Take Profit 1: 0.0570
Take Profit 2: 0.0515
🔹 Long Setup (Support Bounce – High Risk)
Entry: 0.0575 – 0.0590
Stop Loss: 0.0535
Take Profit 1: 0.0650
Take Profit 2: 0.0720
⚠️ Overall trend is still bearish, so short positions are safer unless strong bullish volume appears. Proper risk management is important.