Won
$ESP has happened many times already. The characteristic of this coin is that it spikes up and then falls back very quickly. This time is the same script again: it gets pulled up to the key resistance level, then starts ranging sideways, with volume decreasing day by day. Last year I encountered a similar situation. I hesitated and didn’t enter, and then it dropped straight down by more than a dozen points. So this time I’m watching it closely.
From the order book, the sell orders stacked up are quite thick, while the buy orders are scattered and sparse. That suggests large funds are pressing the price to distribute. The RSI has also turned downward, and divergence signals are obvious. In this kind of situation, don’t try to guess whether it can keep running higher—wait until it rebounds to that resistance level, then when it prints another upper wick, it basically confirms the setup. I plan to enter in batches. The first target is the small support ahead; once it reaches there, I’ll reduce by half, and then decide what to do with the rest based on how it behaves.
Stop loss must be set. If a sudden positive news event triggers a爆pump, the loss could be big. But overall, at this level, the risk-reward for going short is pretty favorable. Remember: don’t go against the trend. Resistance is right above; keep hitting it there.
🔴 Trading direction: Short
📍 Entry range: 0.0664 – 0.0668
🛑 Stop loss: 0.0678
🎯 Take profit 1: 0.0659
🎯 Take profit 2: 0.0643
🎯 Take profit 3: 0.0638
$ESP
Click below to trade 👇👇👇
$ESP has happened many times already. The characteristic of this coin is that it spikes up and then falls back very quickly. This time is the same script again: it gets pulled up to the key resistance level, then starts ranging sideways, with volume decreasing day by day. Last year I encountered a similar situation. I hesitated and didn’t enter, and then it dropped straight down by more than a dozen points. So this time I’m watching it closely.
From the order book, the sell orders stacked up are quite thick, while the buy orders are scattered and sparse. That suggests large funds are pressing the price to distribute. The RSI has also turned downward, and divergence signals are obvious. In this kind of situation, don’t try to guess whether it can keep running higher—wait until it rebounds to that resistance level, then when it prints another upper wick, it basically confirms the setup. I plan to enter in batches. The first target is the small support ahead; once it reaches there, I’ll reduce by half, and then decide what to do with the rest based on how it behaves.
Stop loss must be set. If a sudden positive news event triggers a爆pump, the loss could be big. But overall, at this level, the risk-reward for going short is pretty favorable. Remember: don’t go against the trend. Resistance is right above; keep hitting it there.
🔴 Trading direction: Short
📍 Entry range: 0.0664 – 0.0668
🛑 Stop loss: 0.0678
🎯 Take profit 1: 0.0659
🎯 Take profit 2: 0.0643
🎯 Take profit 3: 0.0638
$ESP
Click below to trade 👇👇👇