$ELSA is reacting into a heavy supply zone after a sharp upside impulse.
SHORT $ELSA
Entry: 0.0890 – 0.0925
SL: 0.0975
TP1: 0.0860
TP2: 0.0820
TP3: 0.0765
trade from here :$ELSA
ELSAUSDT
Perp
0.07956
-7.48%
Price expanded aggressively into a prior high and premium area, where sell side pressure previously stepped in. Momentum is now showing signs of exhaustion as price taps into resistance, opening room for a corrective move lower.
This setup is based on a strong impulsive leg into supply, followed by expected mean reversion. As long as price stays capped below the supply zone, downside continuation remains favored.
Manage risk. Scale profits. Let the structure work.