Post breakout exhaustion with rejection from local high

Entry $0.0790 to $0.0830

Stop Loss $0.0910

TP1 $0.0720

TP2 $0.0650

TP3 $0.0580

Why this setup

$ESP made a sharp impulsive move toward $0.0950 and is now showing rejection with strong red candles on 4H. Price failed to hold above $0.0850 and momentum is cooling after an overextended rally. As long as it stays below $0.0910, a corrective move toward $0.0720 and $0.0650 is likely. A breakdown under $0.0720 can open deeper retracement toward $0.0580 support.

Will $ESP fail to reclaim $0.0850 and trigger a deeper pullback?

Buy and Trade $ESP

ESP

0.07416

-11.53%