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$ILV (Illuvium) – Strong Rise, Bulls Are Gaining Dominance 🚀
Illuvium ( ILV/USDT ) has made an impressive rebound from the support level of 14.78 and is currently trading around 15.79. Buying pressure is increasing, trading volume is significantly improving, indicating that the bulls are in control. The technical structure on the chart is also signaling a potential bullish breakout if the price holds above the key level.
Important Trading Areas:
• Entry Zone (: 15.60 – 15.85
• Resistance near )Breakout zone(: 16.00 – the decisive zone for short-term trend
🎯 Price Target )Take Profit(:
• TP1: 16.20
• TP2: 16.80
• TP3: 17.50
• TP4: 18.20
🛡️ Risk Management:
• Stop Loss: 14.70 – below the main support zone, ensuring risk is limited when the trend reverses.
Trend analysis:
• If the price clearly breaks above 16.00, the buying force may trigger a strong rise towards the next resistance levels.
• Conversely, if it breaks below 14.70, the short-term rise will be invalidated, and the risk of a deep decline will return.
👉 Overall, ILV is in the hands of the bulls, and the market is gradually supporting the bullish scenario. Investors may consider entering the entry zone to catch the new upward momentum, but it is essential to maintain discipline with stop-loss points to preserve capital.