🚨 $ELSA Ready for the Next Leg Up? | Analysis & Levels
The Setup:
$ELSA has been showing strong consolidation at the current levels. Looking at the chart, we are seeing a bullish pennant formation on the lower timeframes. If the volume picks up, we could see a quick breakout.
My Trade Plan:
🔹 Entry Zone:0.131
🔹 Target 1: 0.135
🔹 Target 2: 0.141
🔹 Stop Loss: 0.126 (Mandatory for safety)
Risk Management:
Leverage: 3x - 5x (Avoid high leverage on volatile assets)
Position Size: 2-5% of your wallet.
The Strategy:
Wait for a candle close above the resistance for a confirmed entry. Remember, capital preservation is the key to long-term success.
What’s your take?
Do you think $ELSA will hit the targets today or retest the support? Let me know your thoughts in the comments! 👇