ILVUSDT is currently in a pattern of lower lows and lower highs, indicating a bearish trend. However, a bullish divergence has emerged on the 4-hour (4H) time frame, signaling a potential reversal.
Here's a concise technical analysis along with a suggested trading strategy:
Entry: Consider entering a long position using a buy-stop order at the price level of 75.70.
Stop Loss (SL): Place a stop loss order at 70.98 to manage risk and protect against adverse price movements.
Take Profit (TP): Set multiple take-profit levels to achieve different risk-reward ratios:
TP1: $80.70
TP2: $85.40
TP3: $90.10
This trading strategy anticipates a bullish reversal based on the observed bullish divergence. As with any trading strategy, it's crucial to closely monitor the market for changes and adjust the approach accordingly to mitigate risks
Here's a concise technical analysis along with a suggested trading strategy:
Entry: Consider entering a long position using a buy-stop order at the price level of 75.70.
Stop Loss (SL): Place a stop loss order at 70.98 to manage risk and protect against adverse price movements.
Take Profit (TP): Set multiple take-profit levels to achieve different risk-reward ratios:
TP1: $80.70
TP2: $85.40
TP3: $90.10
This trading strategy anticipates a bullish reversal based on the observed bullish divergence. As with any trading strategy, it's crucial to closely monitor the market for changes and adjust the approach accordingly to mitigate risks