$ESP just faced a long liquidation of $2.9541K at $0.05727. This means traders expecting the price to rise were forced to close their positions, creating sudden selling pressure. Long liquidations often push price lower quickly until strong support appears and buyers regain confidence.
The key buy zone to watch is around $0.053–$0.055 if price stabilizes with steady volume. If momentum returns, the first target could be $0.060, and the next resistance may sit near $0.065. A careful stop loss can be placed below $0.052 to manage risk. Always trade cautiously and wait for confirmation before entering.