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🚀 $ESP NEW LISTING ON BINANCE - RETRACEMENT OR NEXT PHASE? 📊

ESP was listed on Binance on 12 February. Right after the listing, it experienced a huge rally of more than 120% to 0.08886 from 0.02780. 📈🔥

After such a large increase, the price has cooled off to 0.063, showing a standard post-listing pullback. Coins that are newly listed experience high volatility, large pumps, and subsequent profit-takin ⚠️

When looking at the 1H chart, we can see that Supertrend shifted bearish at 0.0776, which indicates that the price is weak. Volume has decreased when compared to the previous breakout, which is a sign of the loss of momentum.

🔎 Important Levels:

🔹 Support: 0.060 – 0.058

🔹 Strong Support: 0.051

🔹 Resistance: 0.070

🔹 Level to Breakout: 0.078

📌 Potential Outcomes:

✅ If the price remains above 0.060 → consolidation will occur, and the price will push to 0.070–0.078

❌ If the price drops below 0.058 with high volume → the price will go to 0.051.

New listings -> high potential 🚀 high risk as well ⚠

Be smart while trading. Avoid emotional trades and manage your risk 👌

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