Is $ESP ‌ finally hitting a floor or is the floor about to give way?

The 1h chart on ESP is looking pretty rough right now with that slow bleed after the failed pump to 0.1580. We are currently sitting at 0.1264 and it’s basically hugging the bottom of this recent range.
Volume is fading and the order book is looking heavy on the sell side with about 65% of the pressure coming from the asks. That 0.1250 level is the absolute line in the sand. If we lose that, there isn’t much historical support holding us up from a deeper drop toward the 0.1150 zone.
I’m staying on the sidelines for this one. Until I see a solid green engulfing candle or some actual buying volume stepping in, this just looks like a falling knife scenario.

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