๐จ$ELSA respecting trendline support!๐ฌ
Above 0.13 = bullish continuation
Below 0.11 = bearish breakdown
Patience wins trades ๐
Price is currently respecting the ascending trendline (marked in red). After a strong sell-off, ELSA has started forming higher lows, showing early signs of stabilization.
๐ Key Observations:
โ
Trendline support holding around 0.11โ0.12
โ
Price consolidating above support
โ ๏ธ Overall structure still bearish โ wait for confirmation
๐ฏ Possible Scenarios:
๐ข Bullish case:
If price holds this trendline and breaks above 0.13, we could see a push toward 0.14โ0.16.
๐ด Bearish case:
A clean break below the trendline may send price back to 0.10 or lower.
๐ Trading Tip:
Donโt chase entries. Let price confirm direction. Best strategy here is wait for breakout or strong bounce from support.
โ ๏ธ Not financial advice. Always manage risk.
$ELSA
#ELSA