🔍 $ELSA Performance Check
I’m 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.
📉 What happened • Sharp rejection from the $0.37 zone
• Fast sell off down to $0.08, showing heavy profit taking
• Since then, price has moved into a tight consolidation range
📊 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.
🧠 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.
👀 Levels I’m watching • Support near $0.12 • Resistance around $0.15 to $0.16 A break below support could reopen downside. A breakout needs conviction.
⚠️ I’m 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 👇🔥