$ELSA is experiencing a volume-driven decline, with price action showing unresisted selling. High open interest suggests a risk of long liquidation.
🎯 Direction: Short (Short)
🎯 Entry: 0.198 - 0.202
🛑 Stop Loss: 0.215 (Rigid Stop Loss)
🚀 Target 1: 0.180
🚀 Target 2: 0.155
$ELSA Daily decline exceeds 18%, accompanied by massive volume, indicating a typical weak market. The price broke key support without effective buying absorption, and market sentiment is biased towards panic and liquidation. High open interest has not decreased during the decline, increasing the risk of further liquidation. Under the current structure, any rebound to the previous support zone (now resistance) is an opportunity for bears to add positions.
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【$ELSA Signal】Short + Volume Breakout
$ELSA is experiencing a volume-driven decline, with price action showing unresisted selling. High open interest suggests a risk of long liquidation.
🎯 Direction: Short (Short)
🎯 Entry: 0.198 - 0.202
🛑 Stop Loss: 0.215 (Rigid Stop Loss)
🚀 Target 1: 0.180
🚀 Target 2: 0.155
$ELSA Daily decline exceeds 18%, accompanied by massive volume, indicating a typical weak market. The price broke key support without effective buying absorption, and market sentiment is biased towards panic and liquidation. High open interest has not decreased during the decline, increasing the risk of further liquidation. Under the current structure, any rebound to the previous support zone (now resistance) is an opportunity for bears to add positions.
Trade here 👇 $ELSA
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