$ESP USDT is up ~90% and everyone thinks strength = safe long.
But the derivatives data is saying something very different.
• Long/Short ratio dropped sharply
• Top trader positioning reduced longs after the pump
• Open Interest jumped with price
• Taker buy volume spiked into green candles
This is not organic buying.
This is late traders entering momentum.
When price rises AND smart money reduces exposure, the move usually becomes fragile.
I am not shorting blindly.
I am also not chasing longs.
Right now this is a trap zone — the place where traders feel confident at the worst possible time.
Most losses don’t happen at the bottom.
They happen after a strong green candle.
Trade less.
Wait more.
#ESPUSDT #cryptotrading #BINANCEFUTURE #TradeSetup