Illuvium / Tether
Long
Updated

SasanSeifi| Beginning of a Move to Higher Targets?

456
Hey there, โœŒ On the daily timeframe ILVUSDT, we can see that the price has shown a relative increase from the $30 support zone and managed to rise up to the $46 area after breaking the previous high at $42. Following this upward move, the price pulled back to the $36 level and experienced a positive reaction, resuming its growth.

The overall market outlook is bullish, and given the current conditions, if the price stabilizes above the $42 level, the uptrend is expected to continue. In this case, the price could potentially move toward key targets of $47 and $53, with momentum possibly pushing it to $60. Reaching these new levels could indicate the formation of a Higher High (HH).

Monitoring price reactions at key levels, especially after surpassing the $41 zone, is crucial. The current major support level is $36.

๐Ÿ’ข Please remember that this is just my personal viewpoint and should not be taken as investment advice. Iโ€™d love to hear your thoughts and share opinions!

Happy trading!โœŒ๐Ÿ˜Ž
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!โœŒ

Trade active
As expected, the price has increased by 38%, the first target has been reached, and the price is now moving towards the second target.๐Ÿป๐Ÿค‘๐Ÿš€
Trade closed: target reached
done ๐Ÿป๐Ÿš€๐Ÿ”ฅ๐Ÿค‘ 45%

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