【$ESP Signal】Pullback to buy + 1H strong consolidation, preparing for a second upward move

$ESP The 1H timeframe has experienced a violent surge of over 40%, now entering a high-level strong consolidation. The current price is sideways around 0.103, with the 1H candlestick closely hugging the EMA20 (0.0965) above, rejecting deep pullbacks, which is a sign of strength. The 4H large bullish candle confirms an upward trend, with EMA50 (0.0773) acting as a strong support. Open interest (OI) remains stable with no signs of large-scale outflows. Combined with the order book depth (Bid/Ask Ratio: 0.58), it indicates clear main force support. RSI on the 1H (65.58) has fallen back from overbought territory, building energy for another push higher.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1015 - 0.1025 (Reason: 1H EMA20 dynamic support zone & previous 1H candlestick low)

🛑Stop Loss: 0.0985 (Reason: Break below 1H EMA50 support & Fibonacci 0.382 retracement of the previous rally)

🚀Target 1: 0.1100 (Reason: Previous high resistance zone & initial 4H target)

🚀Target 2: 0.1180 (Reason: Extended target based on ATR measurement & potential new high)

🛡️Trade Management:

- Position suggestion: Light position (Reason: Intraday volatility is extremely high, exceeding 40%, strict risk control needed)

- Execution strategy: After reaching 0.1100, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price (break-even). If the price cannot hold above 0.1050 and falls back below the entry zone, consider exiting early.

Deep logic: This is a typical “strong coin pullback game.” The 4H shows a massive breakout, while the 1H consolidates with decreasing volume, and OI remains stable, indicating this is not distribution but a shakeout. The order book depth shows selling pressure concentrated above 0.1031. Once broken through, it may trigger short covering and chasing longs, accelerating upward. Funding rate is only 0.005%, with no overheating risk, making the rally healthier. The key is whether the 1H can form a double bottom or a morning star pattern in the 0.101-0.102 zone.

Check real-time market 👇 $ESP

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