$ESP /USDT (1H) - Distribution Fade Short

Bias: Short

Entry (Zone): 0.1710 – 0.1780
Targets:
TP1: 0.1600
TP2: 0.1550
TP3: 0.1420
Stop Loss: 0.1900

Why this Setup:
I’m still leaning short because ESP is chopping under the post-spike supply zone and the rally looks stretched after the vertical expansion. Current price is around 0.1723, and instead of building a clean bullish continuation base, price is printing weak sideways candles with fading follow-through, which usually signals distribution. I want to fade bounces into 0.1710–0.1780 and look for a rollover back toward lower liquidity. If sellers keep absorbing the upside, I expect a move into 0.1600 first, then 0.1550, with 0.1420 as the deeper unwind target. If ESP reclaims and holds above 0.1900, my short thesis is invalid and I’m out.
‍#ESP #CryptoTrading #FuturesTrading