🚨 $ILY BEARISH TRADE ALERT

$ILY remains under bearish pressure, with price trading near $0.3537 after a -3.99% decline. Sellers are defending the current range, and a clean breakdown below $0.3500 could expose fresh downside liquidity. Only a strong reclaim above $0.3750 would begin to weaken the bearish setup.

Trade Setup

Entry: $0.3490 – $0.3555

Target 1: $0.3400

Target 2: $0.3270

Target 3: $0.3100

Stop Loss: $0.3760

How it's possible

Market structure: Price remains vulnerable while buyers cannot reclaim the upper part of the current range.

Lower highs/lower lows: A sequence of failed recoveries would favor continuation of the bearish structure.

Support/Resistance: $0.3500 is the key support trigger, while $0.3650–$0.3750 is the major resistance area.

Volume confirmation: Selling volume expanding below $0.3500 would make the breakdown more convincing.

Momentum: Negative price performance indicates sellers currently have the advantage.

Liquidity: A loss of $0.3500 could trigger stops below support and create a quick liquidity sweep.

Breakdown/rejection confirmation: A confirmed close beneath $0.3500 followed by a failed reclaim offers the cleaner short setup.

If price closes above $0.3760, the bearish setup fails and the trade should be exited to protect capital.

Let’s go and Trade now $ILY

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