After a sharp downside move,
$ESP is showing signs of exhaustion and stabilizing near demand. This setup is based on a mean reversion play, targeting a recovery back toward key value areas as selling pressure cools off.
$ESP 🔍 Setup Breakdown:
• Price is trading deep below recent value → stretched on the downside
• Risk-to-reward favors longs near support
• Bounce potential increases if buyers defend the current base
🎯 Entry Zone: 0.093 – 0.098
$ESP 📌 Targets:
• TP1: 0.110 – first reaction / partial profits
• TP2: 0.130 – mid-range recovery
• TP3: 0.160 – full mean reversion extension
🛑 Stop Loss: 0.086 (structure invalidation)
📊 Bias remains bullish as long as price holds above SL and starts reclaiming short-term levels. Manage risk, scale profits, and don’t chase strength.
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