$ESP BID WALL READY TO ERUPT IMMEDIATE LONG BIAS
Trade Setup (Spot / Futures)
· Entry Zone: $0.06250 – $0.06300 (Current market grab before momentum shifts)
· Take Profit 1: $0.06530 (Immediate resistance level)
· Take Profit 2: $0.06610 (Re-test of 24h High)
· Stop Loss: $0.05700 (Daily close below major support invalidates the structure)
The market is showing a textbook squeeze setup. Price is coiling just above the daily low with a massive 85.18% Bid dominance, indicating that accumulation is happening at these discounted levels. While the -3.12% daily move looks bearish on the surface, the underlying order flow suggests smart money is loading up. We are looking for a swift reversal back toward the 24h High.
Short Market Outlook
Momentum is currently oversold on lower timeframes, diverging against the bearish price action. The trend is attempting to base at the current support zone. A break above $0.06390 will confirm the short squeeze. Watch the bid/ask ratio closely; if buying pressure absorbs the ask wall, expect a rapid move higher. The "Infrastructure" narrative is heating up, providing fundamental tailwinds for a recovery.
