ILVUSDT has been forming Lower Lows (LL) and Lower Highs (LH), indicating a prevailing downtrend. However, a recent development of a bullish divergence on the 1-hour time frame suggests a potential reversal. Additionally, the price is currently within an accumulation zone, further supporting the idea of a trend shift.
To capitalize on this potential reversal, consider placing a Buy STOP order above the last Lower High at 90.45, anticipating a breakout from the accumulation zone and the initiation of a bullish trend. Set the stop loss at 83.90 to manage risks.
The take-profit levels are structured as follows:
Take Profit 1 (TP1) = 97.00
Take Profit 2 (TP2) = 103.55
This approach provides a progressive profit-taking strategy at different levels, allowing you to adapt to changing market conditions. Keep in mind the dynamic nature of the financial markets, and monitor the trade closely for potential adjustments.
To capitalize on this potential reversal, consider placing a Buy STOP order above the last Lower High at 90.45, anticipating a breakout from the accumulation zone and the initiation of a bullish trend. Set the stop loss at 83.90 to manage risks.
The take-profit levels are structured as follows:
Take Profit 1 (TP1) = 97.00
Take Profit 2 (TP2) = 103.55
This approach provides a progressive profit-taking strategy at different levels, allowing you to adapt to changing market conditions. Keep in mind the dynamic nature of the financial markets, and monitor the trade closely for potential adjustments.
Order cancelled