$ELF Sideways Chop, But Watch for a Breakout Setup
$ELF is currently in a tight consolidation range between $0.2282 (support) and $0.2325 (resistance). Price action on the 15m chart shows repeated rejection above $0.232 and buyers defending $0.228—classic compression before a potential breakout. Volume remains moderate, signaling possible accumulation.
Trade Setup:
Long Entry Zone: $0.229–$0.230
Stop Loss: Below $0.227
Upside Target: $0.236–$0.240
Risk Tip: Avoid entering if price loses $0.228 support
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