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【$ELSA Signal】Short + Volume Breakout
$ELSA is experiencing a volume surge and a sharp decline, with a daily drop of nearly 19%. Coupled with high open interest, this looks more like a major player offloading rather than a simple long liquidation. Price action shows heavy selling pressure with no effective support.
🎯 Direction: Short (Short)
🎯 Entry: 0.195 - 0.200
🛑 Stop Loss: 0.215 (Rigid Stop Loss)
🚀 Target 1: 0.175
🚀 Target 2: 0.150
The decline of $ELSA accompanied by massive volume and high open interest is a typical weak signal. The price has broken through key psychological and technical levels, market sentiment has turned to panic, and every rebound is met with strong selling absorption. The chart shows sufficient downward momentum, with rebounds lacking strength. Trading with the trend and shorting is the higher probability approach.
Trade 👇 $ELSA
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