$ELSA Bulls Are Facing Heavy Rejection

Short $ELSA (DCA Entries)

EP1: 0.0950 – 40%
EP2: 0.1000 – 30%
EP3: 0.1070 – 30%

SL: 0.1250

TP1: 0.0880
TP2: 0.0820
TP3: 0.0770
TP4: 0.0725

Why:

$ELSA is showing signs of exhaustion after an explosive rally from 0.06225 to 0.12190. Price has dropped below MA7 (0.10071), indicating weakening short-term momentum, while MA25 (0.09182) is the immediate support to watch. MACD has turned bearish, with DIF (0.00660) falling below DEA (0.00763) and a negative histogram. Selling volume has increased during the latest rejection, while OI stands at 104M, showing significant derivatives activity. A breakdown below 0.0910 could accelerate selling toward 0.0880 and 0.0820. However, MA99 (0.07223) still supports the broader bullish structure, so wait for confirmation rather than chasing the short.

Note: If EP2 and EP3 are not reached, enter 100% at EP1.

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