🐋 $ELSA broke through its six-month high of 0.09401, with 24-hour trading volume surging to 9.7 times the daily average.
There are often short-stop orders and sell orders from previously trapped holders above a high for the current phase. Such heavy volume means those orders have been absorbed. If buying continues afterward, the price can move more easily; if buying suddenly disappears, watch out for a sharp pullback after the spike.
#ELSA
There are often short-stop orders and sell orders from previously trapped holders above a high for the current phase. Such heavy volume means those orders have been absorbed. If buying continues afterward, the price can move more easily; if buying suddenly disappears, watch out for a sharp pullback after the spike.
#ELSA