technical analysis and trade signal for $ILV /USDT with three target levels and trade momentum:
1. Current Price: $61.74
2. 24h High: $64.38
3. 24h Low: $54.37
4. Volume: 236,207.42 ILV and 14.07M USDT
Price Action Overview:
ILV/USDT has seen a significant upward move (+9.96%) in the last 24 hours.
The price is currently trading near the middle of its 24h range ($54.37 - $64.38).
A notable pullback (-9.03%) over the 1-day period suggests some consolidation or retracement in the short term.
Key Support and Resistance Levels:
Support: $54.37 (24h low) and $58.50 (previous support area).
Resistance: $64.38 (24h high) and $67.00 (psychological resistance level).
Indicators:
RSI: If the RSI is moving toward overbought levels (>70), be cautious of short-term pullbacks.
MACD: Look for bullish crossovers for entry signals. If the MACD line crosses above the signal line, it could indicate further upward momentum.
Volume: The volume spike could indicate that buyers are stepping in, suggesting upward momentum.
Trade Signal:
Trend: The current price movement suggests bullish momentum, but a cautious eye on overbought signals is important.
Momentum: Positive momentum in the short term with a potential for price continuation, especially if the support at $58.50 holds.
Target Levels 🎯:
1. First Target: $64.38
This is the recent high, where selling pressure might occur. A breakout above this level could push the price toward the next target.
2. Second Target: $67.00
This is a psychological level, and a breakthrough here could push ILV/USDT higher, testing the $70 level.
3. Third Target: $72.00
If the bullish momentum continues and the market remains favorable, this could be the next key level to watch.
Trade Momentum:
Long Position:
Entry: Consider entering the market at around $61.50 - $62.00 if the price shows signs of stabilization above the support at $58.50. A confirmation of price holding above support with increasing volume could be a good entry signal.