Expecting a Scam-Driven Pump in Elastos (ELA) — Don’t Chase
I think ELA is set for a short, likely scam-driven pump — another hype spike rather than a sustainable rally.
I won’t be chasing it; these moves are typically liquidity-driven and reverse quickly once the hype fades.
If I’m already exposed I’ll protect profits and use tight risk controls; otherwise I’ll wait for clear, volume-backed confirmation before considering entry.
Analysis
Recommendation
Treat ELA as risky: don’t buy the initial spike, set tight stops if holding, take profits on rallies, and only consider buying after sustained volume and on-chain signs of genuine demand.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.