๐ $ELSA Performance Check
Iโm looking at $ELSA right now trading around $0.13, down nearly 56% from the recent high. This has clearly shifted from hype to cooldown mode.
๐ What happened โข Sharp rejection from the $0.37 zone
โข Fast sell off down to $0.08, showing heavy profit taking
โข Since then, price has moved into a tight consolidation range
๐ Current structure $ELSA is trying to stabilize between $0.12 and $0.14. Volume has cooled, volatility is lower, and candles are getting smaller. This usually signals indecision rather than strength.
๐ง My read Right now, this looks more like base building after distribution, not a confirmed reversal. Bulls need stronger volume and a clean reclaim above $0.15 to change sentiment.
๐ Levels Iโm watching โข Support near $0.12 โข Resistance around $0.15 to $0.16 A break below support could reopen downside. A breakout needs conviction.
โ ๏ธ Iโm personally staying cautious here. No rush to jump in until the chart shows clear intent.
What do you think about ELSA from here
Dead cat bounce or slow recovery ๐๐ฅ