2026-01-23 10:15:02

【$ELSA Signal】Short | Volume Break Downward

$ELSA is experiencing a volume surge and a sharp decline, with a daily drop of over 23%. Coupled with a massive volume of 277M, this is a typical weak breakdown pattern.

🎯 Direction: Short (Short)

🎯 Entry: 0.175 - 0.182

🛑 Stop Loss: 0.195 ( Rigid stop loss, invalid if broken )

🚀 Target 1: 0.150

🚀 Target 2: 0.125

$ELSA Price action indicates unilateral selling, with a -23% decline accompanied by extreme volume. Market logic suggests that the situation requires considering open interest to determine whether it’s a short squeeze or main force distribution. Currently, there is no effective support on the chart, and selling pressure dominates. Any rebound into the entry zone is an opportunity for bears to add positions. Until a significant volume reduction and a clear bottoming signal appear, the downward momentum will continue.

Trade 👇 $ELSA

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ELSA-5,73%

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