📉 ILV/USDT – Bearish Continuation Risk!
🔹 Current Price: $17.64 (+11.86%)
🔹 Key Levels: $18.17 (Resistance) – $15.77 (Support, 24h Low)
🔹 Indicators:
RSI (54.27) → Neutral, showing fading bullish momentum.
SMA (54.45) → Declining, indicating weakening upside pressure.
Order Book → Still bearish (Buy: 41.35%, Sell: 58.65%).
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🚨 Why Bearish?
❌ Long-Term Downtrend – -38.5% (30D), -70.4% (90D), -84.6% (1Y) → Heavy bearish pressure.
❌ RSI/SMA Weakness – RSI dropping from 56.63 to 54.27, SMA sharply declining, signaling momentum loss.
❌ Resistance at $18.17 – Struggling to break higher, increasing risk of rejection.
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📊 Trade Plan
🔻 Short Entry: If price fails to break $18.17 and RSI declines further.
🎯 Target: $15.77 (next key support).
🛑 Stop-Loss: Above $18.17 (invalidates short setup).
⚡ Watch for a rejection near $18.17! If price fails to hold above this level and RSI weakens, downside risk increases.
