$ESP still offers a decent risk/reward, but it's better to wait for confirmation rather than chase the current move. 📈
The overall trend remains bullish, supported by strong buying inflows and negative funding, which suggests short sellers could still fuel another move higher if they're squeezed. Price is also holding above key short-term moving averages, keeping the bullish structure intact.
The better opportunity is to buy a pullback near $0.101-$0.1025, where support has been holding, or wait for a confirmed breakout above $0.1085 before following the trend. Entering after an extended move increases risk, while waiting for a trigger offers a more favorable setup.
Key levels to watch:
Support: $0.101
Resistance: $0.1085
Above $0.1085: momentum could accelerate as shorts get squeezed.
Below $0.101: the bullish setup weakens, making it better to wait for a new base to form.
Overall, ESP still looks constructive, but patience is likely to provide a better risk/reward than buying at the current price. Let the market come to your entry instead of chasing momentum.
The overall trend remains bullish, supported by strong buying inflows and negative funding, which suggests short sellers could still fuel another move higher if they're squeezed. Price is also holding above key short-term moving averages, keeping the bullish structure intact.
The better opportunity is to buy a pullback near $0.101-$0.1025, where support has been holding, or wait for a confirmed breakout above $0.1085 before following the trend. Entering after an extended move increases risk, while waiting for a trigger offers a more favorable setup.
Key levels to watch:
Support: $0.101
Resistance: $0.1085
Above $0.1085: momentum could accelerate as shorts get squeezed.
Below $0.101: the bullish setup weakens, making it better to wait for a new base to form.
Overall, ESP still looks constructive, but patience is likely to provide a better risk/reward than buying at the current price. Let the market come to your entry instead of chasing momentum.