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$ELSA is experiencing a volume breakout to the downside, with a daily decline of over 16%. Combined with open interest data, it presents a typical pattern of main force distribution / bullish capitulation.
🎯 Direction: Short (Short)
🎯 Entry: 0.145 - 0.148
🛑 Stop Loss: 0.155 (Rigid Stop Loss)
🚀 Target 1: 0.130
🚀 Target 2: 0.115
$ELSA Price action shows a decline with no resistance, accompanied by high trading volume. Market sentiment has shifted from hesitation to panic selling. There is no significant buy support below the current price, and high open interest indicates ongoing liquidation pressure. After breaking through a key psychological level, the downward inertia is the dominant force, and rebounds are opportunities to short.