📊 $ESP
ESP/USDC — Breakout OR Breakdown Plan
ESP is sitting near a major resistance zone.

No chase. Let price show the direction. 👀
🟢 BULLISH BREAKOUT PLAN
Resistance: 0.108–0.115
I’m watching for:

1️⃣ Daily candle closes above the resistance zone
2️⃣ Volume expands on the breakout
3️⃣ Price retests the broken zone
4️⃣ Old resistance holds as support
5️⃣ Bullish confirmation → Entry
🎯 TP1: ~0.125
🎯 TP2: ~0.150

🛑 Invalidation: price loses the reclaimed zone / recent structure

🔴 BEARISH BREAKDOWN PLAN
If price gets rejected from 0.108–0.115 and starts losing the recent structure:

1️⃣ Rejection from resistance
2️⃣ Lower high forms
3️⃣ Price breaks the nearby support
4️⃣ Retest of broken support from below
5️⃣ Bearish confirmation → Short setup
📍 First area to watch: ~0.095–0.100
📍 Deeper structure: ~0.085–0.090
If the breakdown fails and price reclaims the broken level, the short thesis is invalidated.

🧠 Simple rule

Above resistance + successful retest = look for LONG confirmation 🟢
Below support + failed retest = look for SHORT confirmation 🔴
Between the levels = WAIT.
Don't trade the prediction.
Trade the confirmation.
#ESP #ESPUSDC
#PriceAction #Breakout #TradingEducation