The $ESP rally is not ready to die just because RSI says overbought.
That’s the lazy take.
$ESP is at $0.0979, up 14.24% today, with $3.33M in volume. The 4h move is +13.4%, and volume is running 3.8x the 20-day average. That’s not a random candle. That’s attention plus real participation 🔥
Yes, RSI 79 means chasing here is stupid. But overbought in a strong trend can stay overbought while late shorts get squeezed. Price is above both the 20d and 50d averages, sitting just 2% below the 30d high.
At $0.10, I’d trim into strength. I would not blindly short it there.
$BTC can chop while smaller names like this keep catching flows. Funding is only 0.001%, so longs aren’t even euphorically crowded yet. Momentum has the wheel 🚀
#ESP #Binance
That’s the lazy take.
$ESP is at $0.0979, up 14.24% today, with $3.33M in volume. The 4h move is +13.4%, and volume is running 3.8x the 20-day average. That’s not a random candle. That’s attention plus real participation 🔥
Yes, RSI 79 means chasing here is stupid. But overbought in a strong trend can stay overbought while late shorts get squeezed. Price is above both the 20d and 50d averages, sitting just 2% below the 30d high.
At $0.10, I’d trim into strength. I would not blindly short it there.
$BTC can chop while smaller names like this keep catching flows. Funding is only 0.001%, so longs aren’t even euphorically crowded yet. Momentum has the wheel 🚀
#ESP #Binance