$ELSA Looks Weak – Short Opportunity Ahead
Trade Setup
Entry: 0.0512 – 0.0525
Target 1: 0.0505
Target 2: 0.0495
Final Target: 0.0480
Stop-Loss: Above 0.0538
ELSA has reached a strong resistance zone after a sharp recovery from the recent lows. Buying momentum is slowing near $0.0525, while sellers are starting to defend this area.
As long as the price remains below the recent high, a pullback toward the lower support zone looks likely. A rejection from current levels could offer a solid short opportunity.
$ELSA
Trade Setup
Entry: 0.0512 – 0.0525
Target 1: 0.0505
Target 2: 0.0495
Final Target: 0.0480
Stop-Loss: Above 0.0538
ELSA has reached a strong resistance zone after a sharp recovery from the recent lows. Buying momentum is slowing near $0.0525, while sellers are starting to defend this area.
As long as the price remains below the recent high, a pullback toward the lower support zone looks likely. A rejection from current levels could offer a solid short opportunity.
$ELSA