$ESP (Esports) Correction & Early Signs of Stabilization 📉
Entry Zone: 0.0765 – 0.0820
Bullish Above: 0.0885
TP1: 0.0925
TP2: 0.0975
TP3: 0.1015
SL: 0.0740
$ESP (Esports) is currently in a strong downward trend on the 4H chart, trading at 0.08094 with a 3.83% decline. The price action shows a consistent series of lower highs and lower lows after failing to sustain a rally near the 0.10157 peak. However, the most recent candles indicate a potential slowing of momentum as the price tests the 0.07864 level, which is currently acting as immediate support. While the infrastructure narrative remains a long-term catalyst, $ESP needs to consolidate and ideally reclaim the 0.0875 resistance zone to invalidate this bearish structure. Volume remains relatively low, suggesting a lack of aggressive selling at these current levels, which could lead to a base-building phase.