Right now, the market sentiment around $ESP feels extremely overheated. After its recent spike, price action is showing clear exhaustion signals. Volume is fading, momentum indicators are cooling off, and buyers seem hesitant at higher levels.
Whenever a coin runs too fast without strong fundamentals backing the move, gravity usually does its job. Many traders are already positioning for downside because liquidity above looks thin and late buyers may panic on the first sharp drop.
If support breaks, cascading stop losses could accelerate the fall quickly. Smart money doesn’t chase green candles blindly — they wait for weakness.
The hype phase looks like it’s ending, and risk is now outweighing reward.
Sometimes the best trade isn’t to buy the top… it’s to prepare for the retrace.
Just sharing my market view. Always manage your risk.