$ESP Short Setup: Riding the VC Dump
The decline on $ESP is accelerating, and the dead cat bounce is officially over. This is a classic VC-backed token bleed-out, and the public round bagholders are currently trapped.
With 70-80% of the supply still waiting to be unlocked, every tiny pump is just exit liquidity. Here is the game plan for the downside continuation:
Entry: Current Market Price (~$0.067 - $0.068)
Take Profit 1 (TP1): $0.058
Take Profit 2 (TP2): $0.050 (Major Target)
Stop Loss (SL): $0.076
The Logic: The valuation math simply doesn't add up for the bulls right now. The bubble is deflating toward its true market value, and the immense overhead supply (unlocks) guarantees that sellers will step in at every resistance. Play the trend, don't try to catch the falling knife. đ
#ESP #ESPShort #CryptoTrading #TradeSetup #BinanceSquare
