$ELON is stabilizing

I’m interested here because ELON just completed a sharp downside sweep and immediately bounced from the demand zone. That sell-off looks forced, and the reaction from the lows tells me sellers are losing control.

Market read
I’m seeing a clear breakdown that flushed liquidity below the range, followed by a strong reaction from buyers. The long lower wicks around the lows show aggressive defense. Now price is holding steady and compressing, which usually happens before a directional move. This feels like a reset after panic.

Entry point
I’m planning my entry around 0.245 – 0.258, where price is holding structure and showing balance.

Target point

TP1: 0.285

TP2: 0.315

TP3: 0.350

Stop loss
I’m placing my stop at 0.218. A clean move below this level invalidates the setup and I step aside.

How it’s possible
I’m trusting this setup because liquidity has already been taken, selling pressure was absorbed at the lows, and price is now building a base. As long as this range holds, a recovery toward higher resistance zones becomes the logical outcome.

I’m patient, focused, and waiting for continuation.

Let’s go and Trade now $ELON