$ESP Bullish Continuation Setup
Espresso is showing textbook "post-listing" strength. After the initial surge and a healthy cooling-off period, the price is compressing into a bullish flag pattern. The current defense of the $0.080 zone suggests that the "Smart Money" is accumulating for a second leg up
đ Technical Logic:
Support Confirmation: The $0.078 â $0.081 zone is actings as a solid floor. Multiple 1H candle wicks in this area indicate strong absorption of selling pressure.
Volume Profile: Trading volume remains high (over $70M in 24h), showing that market interest hasn't faded after the listing hype.
The Target Goal: A move to $0.09340 would test the previous All-Time High liquidity, potentially triggering a breakout into price discovery mode.
đ The Trade Plan (Long):
Entry: $0.08104 (Current Market Value)
Stop Loss (SL): $0.07800 đĄïž (Safety below the recent consolidation floor)
đŻ Take Profit:
Main Target: $0.09340 đ (Previous resistance & liquidity grab)
đĄ Pro Trader Tip:
Since $ESP carries a "Seed Tag" on Binance, volatility can be higher than average. If the price hits $0.0870, consider moving your Stop Loss to break-even to ensure a "risk-free" ride to the final target!
