$ELSA is facing rejection after its recent attempt to bounce, setting up a good opportunity to open a short position as sellers take back control.
Entry: 0.0665 – 0.0685
TPs: 0.0630 | 0.0608 | 0.0580
SL: Above 0.0725
Why Short?
ELSA is turning downward around 0.06659 after failing to sustain higher levels near the 0.07268 mark. On the 1-hour chart, momentum is shifting back toward the bears following a weak recovery rally, opening up clear room for the price to drop back down toward lower support zones.
Entry: 0.0665 – 0.0685
TPs: 0.0630 | 0.0608 | 0.0580
SL: Above 0.0725
Why Short?
ELSA is turning downward around 0.06659 after failing to sustain higher levels near the 0.07268 mark. On the 1-hour chart, momentum is shifting back toward the bears following a weak recovery rally, opening up clear room for the price to drop back down toward lower support zones.