2026-01-22 15:01:11

Recently, the $ELSA trend is worth paying attention to. The daily chart shows a nearly 19% plunge, combined with high open interest, which doesn't seem like a simple long liquidation phenomenon. Instead, it appears more like a phased distribution by the main players.

From the market perspective, selling pressure is clearly heavy, lacking effective support. The price has broken through several key technical and psychological levels, and market sentiment has shifted to panic. Every rebound is met with strong selling, indicating that the bears have strong control.

Combining volume and open interest data, the downward momentum is sufficient, but rebounds are noticeably weak. From a technical standpoint, trading with the trend and shorting seems to be the higher probability choice.

Technical reference (for reference only):
• Entry zone: 0.195 - 0.200
• Stop-loss setting: 0.215 (strictly enforced)
• First target: 0.175
• Second target: 0.150

Market changes quickly, and risks are high. Proper risk management and controlling positions are key to long-term survival.

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AirdropHustler

· 3h ago

The main force's distribution is so obvious, I've seen through it long ago. Time to go short on the bearish track.

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TokenCreatorOP

· 4h ago

The main force's current selling pace is indeed fierce, with a 19% drop being quite sharp. Rebounds are being crushed, truly despairing, the bears are holding tight this time. This analyst's insights are quite good, details are spot on, but I'm still afraid of bottoming out and getting trapped. ELSA probably still has more downside, stay calm everyone. With such heavy selling pressure, can 0.15 really be reached? I'm questioning life...

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0xTherapist

· 4h ago

The main force is selling so obviously, every rebound gets smashed. I can't see any possibility of a reversal. --- 0.195 short entry is interesting, but after this round of decline, whether it can stabilize is really hard to say. --- Every rebound gets smashed. Honestly, the market feels too hopeless. Better to avoid risks for now. --- With such heavy selling pressure, I think there might still be further downside. Don't rush to buy the dip. --- A 19% drop with increased holdings—this doesn't look like a normal liquidation. The main force is holding chips. --- I'm most afraid of a market with no strength to rebound. It's easy to get caught at high levels. Wait for clear signals. --- With such a strong bearish trend, shorting logically makes sense. Just worry about a sudden reversal causing big losses. --- Looking at the panic in the market, the bottom might be even lower than we think. --- A stop loss at 0.215 is a bit expensive. It feels like the space given is too large. If it hits, the loss could be significant. --- Every rebound gets smashed. This rhythm definitely looks like the main force is dumping chips. But I have to ask, where's the bottom?

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HypotheticalLiquidator

· 4h ago

19% drop directly, and the contract is still so high? Is this the prelude to a chain liquidation? Beware of the domino effect...

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