$ELX ‌Price just collapsed from its range and is trying to breathe after a heavy sell-off. Saw a fast drop to the low 0.02s and a small bounce to ~0.035 — watch for follow-through.

Short-term (1H–4H): momentum is easing — RSI and MACD show the sell pressure losing steam. A reclaim of MA20 area could push a quick bounce toward ~0.06.
Mid-term (1D): still under major moving averages; cautious until price reclaims and holds above them.
Risk path: if support at ~0.02 breaks, next test could be lower — play small and manage risk.

My view: possible short squeeze if buy volume returns, but treat this as speculative — trade small, set stops.