$ELSA is currently trading near $0.088 after rejecting the $0.0924 local high đ. The recent pullback appears to be driven by short-term profit-taking rather than structural weakness. Price remains above the previous breakout base near $0.082â$0.084, suggesting that buyers are still defending higher-low structure on the 4H timeframe.
Technically, momentum has cooled from near-overbought levels back toward neutral, reducing immediate downside pressure. The volatility spike toward $0.092 was followed by a healthy retracement, which often resets the chart before continuation đ. If $ELSA stabilizes above $0.084 and reclaims $0.092 with strong volume confirmation, the next upside expansion could target the $0.098â$0.100 psychological zone.
From a positioning perspective, controlled pullbacks inside an emerging uptrend often provide better entries than chasing green candles đ„. Strategic buyers watching support zones closely may find improved risk-reward near current levels, with defined risk below $0.080. A confirmed breakout above resistance could shift momentum back to aggressive buyers. Patience and structure remain key in this setup.
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