【$ELSA Signal】Bullish | Healthy Consolidation After Breakout with Volume

$ELSA After volume breakout above previous high on the 4H timeframe, the price is consolidating at a high level in the 0.0900-0.0923 range. The price action indicates healthy cooling after the breakout, not a top distribution.

🎯Direction: Long

🎯Entry: 0.0895 - 0.0910

🛑Stop Loss: 0.0865 (Rigid Stop Loss)

🚀Target 1: 0.0980

🚀Target 2: 0.1050

Hardcore Logic: Three consecutive bullish candles on the 4H chart accompanied by a surge in volume (74.7M, 31M), confirming the validity of the breakout. Open interest remains stable with no signs of profit-taking. Market data: Large buy orders stacking below 0.0905 (support level), while sell orders above 0.0907 are relatively sparse, indicating dominant control by major players and light selling pressure above. Funding rates are slightly negative, favorable for long positions. The current consolidation is a natural pullback and shakeout after the breakout. As long as the previous breakout high of 0.0848 (now a support level) is not broken, the upward momentum is highly likely to continue.

Trade here 👇 $ELSA

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