$ELSA 15 minutes: +3.58%, current price 0.0662. If you're thinking of chasing, ask yourself three questions first:
① The 24-hour high of 0.06797 hasn't been broken yet. Is the risk-reward worth it?
② This is a sharp, sudden rally. How will you handle a pullback?
③ Do you know where you'll set your stop-loss?
Think all three through before deciding. If you haven't, it may be better to wait.
Selling pressure near the previous high is the first hurdle ahead.
In a highly volatile market, manage your risk first.
① The 24-hour high of 0.06797 hasn't been broken yet. Is the risk-reward worth it?
② This is a sharp, sudden rally. How will you handle a pullback?
③ Do you know where you'll set your stop-loss?
Think all three through before deciding. If you haven't, it may be better to wait.
Selling pressure near the previous high is the first hurdle ahead.
In a highly volatile market, manage your risk first.