$ELSA Pullback into Key Demand Zone 📈
🟢 Trade Idea: LONG $ELSA
Entry Zone: $0.082 – $0.085
Stop Loss: $0.076
Take Profit Targets:
• TP1: $0.090
• TP2: $0.104
• TP3: $0.122
$ELSA is currently retracing into a previously validated demand zone following its recent upward expansion. Selling pressure appears to be weakening, with price action stabilizing rather than breaking down — indicating potential absorption by buyers in this area.
As long as price holds above the defined support zone, the bias remains bullish for continuation toward higher targets. A sustained breakdown and acceptance below support would invalidate the setup.
⚠️ Risk Management Reminder:
Crypto markets are highly volatile. Always manage your position size and use a defined stop loss.
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