$ILV /USDT Trading Signal - Signs of Reversal?

Current Price: $36.53

24H Range: $36.09 - $42.64

EMA Levels:

EMA(7): $36.98

EMA(25): $38.26

EMA(99): $40.24

Analysis:

ILV has found temporary support at $36.09 and is currently attempting a recovery towards EMA(7). The bearish trend remains intact unless a breakout above EMA(25) is observed.

Potential Setup:

Entry Zone: $36.50 - $37.00

Targets:

Target 1: $37.50

Target 2: $38.50

Stop Loss: $35.90

Observation:

Monitor for a breakout above EMA(25) with increased volume to signal further upside potential. Failing to hold $36.50 could lead to retesting the $36.09 support.

Actionable Advice:

Consider partial profit booking near $37.50.

Adjust stop-loss levels to breakeven if the price nears $38.50.

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