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【$ELSA Signal】Short | Volume Breakout Pattern
$ELSA Is experiencing a volume-driven decline, with price action showing a clear break structure. Combined with high open interest, it suggests potential long liquidation pressure.
🎯Direction: Short (Short)
🎯Entry: 0.149 - 0.152
🛑Stop Loss: 0.160 (Rigid Stop Loss)
🚀Target 1: 0.135
🚀Target 2: 0.120
$ELSA In a -15% volume-driven decline, the price has moved away from recent support levels. The combination of high open interest and falling prices indicates that long positions are being squeezed or forced to close, rather than a healthy correction. The market shows persistent selling pressure, with no effective buying support zone, increasing the likelihood of continued price decline.
Trade 👇 $ELSA
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