Liquidation Reference: $0.06875 (Short Liquidation: $2.5588K)
Entry Zone: $0.0680 – $0.0690
Stop Loss: $0.0660
Take Profit Targets:
- TP1: $0.0715
- TP2: $0.0740
- TP3: $0.0770
Market Analysis:
The short liquidation activity near $0.06875 points to buying pressure and potential upside momentum. If ELSA holds above this reference area, buyers may attempt to extend the move toward the next resistance zones. Continued volume expansion and a successful retest would provide stronger confirmation.
Trade Management: Wait for price to establish support within the entry zone. Consider partial profit-taking at each target rather than holding the entire position.
Invalidation: A sustained move below $0.0660 would cancel the bullish setup.
Trade with discipline and keep exposure appropriate to your risk tolerance.
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