$ESP made a sharp vertical expansion and tapped the upper resistance zone, but follow-through strength is fading. Price is stalling near the highs instead of consolidating above breakout structure — a typical sign of momentum exhaustion.
As long as 0.1120 remains unbroken, the bearish thesis stays intact. A rejection inside the 0.1018–0.1045 supply band increases probability of rotation toward 0.0940 first. If selling pressure accelerates, 0.0880 becomes the next downside liquidity pocket.
A strong reclaim and acceptance above 0.1120 would invalidate the short setup.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
4 Likes
Reward
4
7
Repost
Share
Comment
0/400
ybaser
· 4h ago
To The Moon 🌕
Reply1
View More
CryptoPsychic
· 6h ago
closed in profit
Reply0
EvenInTheDepthsOfTheValley,The
· 6h ago
Friend, the short position you were trapped in yesterday at 0.09427, should you close it now?
$ESP vertical push into resistance — exhaustion signs forming.
🔻 SHORT $ESP
Entry Zone: 0.1018 – 0.1045
Stop Loss: 0.1120
Target 1: 0.0940
Target 2: 0.0880
$ESP made a sharp vertical expansion and tapped the upper resistance zone, but follow-through strength is fading. Price is stalling near the highs instead of consolidating above breakout structure — a typical sign of momentum exhaustion.
As long as 0.1120 remains unbroken, the bearish thesis stays intact. A rejection inside the 0.1018–0.1045 supply band increases probability of rotation toward 0.0940 first. If selling pressure accelerates, 0.0880 becomes the next downside liquidity pocket.
A strong reclaim and acceptance above 0.1120 would invalidate the short setup.
Click here 👇 and trade to support me 💛
#ESP #GateSquare$50KRedPacketGiveaway #TrumpAnnouncesNewTariffs #CelebratingNewYearOnGateSquare #BuyTheDipOrWaitNow?