🚀 ILV/USDT Technical Analysis – Key Highlights

🔍 Major Insights:

1. Strong Bullish Trend:

Price up by +14% in 24 hours.

All Moving Averages (MA 7, 25, 99) trending upward, confirming strength.

2. Overbought Conditions:

RSI(6) is at 87.22 — deep in the danger zone.

Historically, RSI above 80 often signals pullbacks or reversals.

3. Volume Weakness:

Current volume: 31K ILV, below average volume: 58K ILV.

Weak volume raises doubts about trend sustainability.

4. Resistance Levels:

$24.80 (24h High) is a key test point.

Break above this could open targets at $25.50 – $26.00.

5. Support Levels:

$22.86 (MA7) as immediate support.

$21.27 (MA25) as strong structural support.

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📈 Suggested Strategy:

Buying:

Avoid buying for now due to overbought RSI.

Watch for a dip to MA25 = $21.27 for a safer entry.

Profit Booking:

Consider partial profit at current price ($24.44).

Target full profit booking near $24.80 resistance.

Stop Loss:

Place SL slightly below $21.27 (MA25) to protect capital.

> ⚠️ Risk Note: High RSI and low volume increase the chances of a pullback. Despite the strong trend, caution is crucial.

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✅ Conclusion:

Short-Term: Reversal risk is elevated (RSI + low volume).

Long-Term: Bullish momentum stays intact if $21.27 support holds.

Strategy should focus on profit booking and cautious re-entry.