$ESP Short Strategy: Sniper Entry on the Fakeout Trap!
$ESP is squeezing into major resistance again, and the upside looks like a massive trap. This is not an impulsive breakout; it is a textbook corrective push on thinning momentum.
Here is the exact trading plan to short this rejection:
Entry Zone: $0.084 – $0.088
Take Profit 1 (TP1): $0.079
Take Profit 2 (TP2): $0.073
Take Profit 3 (TP3): $0.067 (Lower liquidity target)
Stop Loss (SL): $0.095
Leverage: Max 10x
The Logic: Buyers are desperately trying to lift the price, but they cannot sustain the expansion. Every attempt to rally is getting heavily absorbed by sellers waiting at the highs. The overall market structure has not flipped bullish, and the flow is heavily distributive. Set your limits, manage your risk, and let the downside rotation play out. 📉
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