ILV/USDT Indicating a Bullish Movement if ILV Breakout this area
💎 ILV has recently demonstrated significant market dynamics, breaking out of a key supply area with a notable upward movement.
💎 This bullish momentum suggests that ILV may continue its upward trajectory, probability of reaching our target area.
💎 However, it's important to closely monitor the daily close candle for ILV. If the price fails to close above the supply area on the daily timeframe, it could indicate a false breakout. In such a scenario, there's a possibility of the price being rejected and moving downward, retesting the Bullish OB around 91.3 to establish new momentum.
💎 Upon reaching the Bullish OB area, it's crucial for ILV to bounce back and attempt to break above the supply area once again. Failure to do so and a subsequent breakdown below the Bullish OB could signify a bearish reversal, leading the price further downward, possibly targeting the demand area or even lower levels.
💎 This bullish momentum suggests that ILV may continue its upward trajectory, probability of reaching our target area.
💎 However, it's important to closely monitor the daily close candle for ILV. If the price fails to close above the supply area on the daily timeframe, it could indicate a false breakout. In such a scenario, there's a possibility of the price being rejected and moving downward, retesting the Bullish OB around 91.3 to establish new momentum.
💎 Upon reaching the Bullish OB area, it's crucial for ILV to bounce back and attempt to break above the supply area once again. Failure to do so and a subsequent breakdown below the Bullish OB could signify a bearish reversal, leading the price further downward, possibly targeting the demand area or even lower levels.
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