$ELSA VERTICAL REJECTION: HUNTING THE FOMO TRAP 🩸

First time analyzing Elsa on the 4H chart. The market just witnessed a colossal 47% vertical climb, peaking at 0.11497 before immediately getting hammered. The current red candle and the long upper shadow confirm that the buyers are completely trapped at the top. The price is insanely disconnected from the MA10 and MA20 baselines. This is a textbook liquidity trap. I am actively shorting this aggressive overextension.

Trading Ideas Short $ELSA

Entry: 0.0930 - 0.0980

SL: 0.1160

TP1: 0.08760 (MA5)

TP2: 0.07680 (MA10)

TP3: 0.07071 (MA20)

trade $ELSA here :👇