Congratulations to the brothers who set up short positions early with
$ESP —this move has been relatively comfortable to follow.
When many people see a small-cap coin suddenly surge, their first reaction is to chase it in, but they often overlook one issue: the faster it rises, the greater the profit-taking pressure afterward.
This ESP moved from low-range consolidation and then surged quickly, topping out near 0.12148. However, on the 4-hour timeframe, there was a clear spike-and-retrace. The long upper wicks indicate that high-level funds started to show divergence.
At the time, seeing the p