$ESP If I look at ESP today, I will only look at these positions
If I had to summarize in one sentence, I am currently cautious about ESP.
I would rather see how the comments are divided now.
This position is most suitable for observing market divergence.
There are many popular coins, but this article only talks about ESP.
To be direct, my current approach to $ESP is not about whether it is hot or not, but about whether the position is worth taking action.
Viewpoint: BTC first look at filtering: BTC is not recovering enough, before I see BTC strengthening, I will only consider shorting altcoins.
Selection of targets: ESP is one of the popular coins on the 24h gainers list, currently also belongs to the crowded OI category, price is weakening but funding rate is still slightly positive, OI is still relatively sticky.
Current price: 0.0809
Reference short price: around 0.0817
Stop-loss reference price: around 0.085
Expected target price: around 0.0744
Execution model: Model A top sweep waterfall short
Entry: After a spike to sweep liquidity, re-enter short after falling back below 0.0795
Stop-loss: Place stop-loss above the spike high, withdraw once it stabilizes
Take profit: TP1 look at the daily midline, TP2 look at previous lows, remaining position look at waterfall extension
Core principle: first look at BTC, then do altcoins with high sentiment on the gainers list, execution only does three types of short models A/B/C, do not do reverse framework bottom guessing.
Risk warning: If BTC strengthens again, this type of ESP viewpoint needs to be downgraded.
Traffic optimization: If you can add a small component of ESP's K-line chart, the click-through rate is usually higher.
If you are also focusing on ESP, feel free to share your key price levels.