Do you a risk appetizer?

8月16日

hello guys!

let's analyze the ILV coin!

1. Market Structure & Key Levels:

1. Current Price: The asset is trading at around $43.37.
   
2. Possible Hunted Area: The price is nearing a zone that might have liquidity pools where previous stop losses could have been triggered, making it a potential reversal area.
   
3. Engulfed Area: There is a previously engulfed zone indicating strong selling pressure in the past. This area around $145 - $185 may act as a resistance if the price approaches it again.
   
4. Key Resistance Level: The chart highlights a major resistance level at $256.30. This level represents an 8x potential gain from the current price.
   

2. Bullish Potential:

• 8x Target: The chart suggests a potential move towards $256.30, representing an 837.04% increase from the current price.
  
• Reversal Opportunity: If the price finds support in the identified hunted area, a bullish reversal could occur, leading to a significant upward move.
  

3. Risk Consideration:

Potential for Further Decline: Before any potential bullish move, the price might further dip into the possible hunted area, which needs to hold as support to avoid further downside.

Summary:

• Current Price: $43.37.
  
• Support Zone: Potential reversal around the possible hunted area.
  
• Resistance Zones:
  
• $145 - $185: Previously engulfed area, significant resistance.
  
• $256.30: 8x target from the current price.
  
• Bullish Scenario: If the price holds the hunted area, there is potential for an 8x move toward $256.30.
  
• Risk: Further downside is possible if the hunted area does not hold.
  

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