【$ILV Signal】Pullback to go long / Short squeeze at high levels

$ILV After a violent surge on the 1H timeframe, the price has already broken above the upper band of the 4H Bollinger Bands, RSI has soared to 88.85, and signs of a buying gap are beginning to appear.
The 4-hour trading volume has expanded significantly, but the latest 1-hour candlestick closed with a long upper shadow, indicating selling pressure at high levels is starting to release.

🎯Direction: Watch (wait for a pullback or breakout confirmation)

⚡Entry/Order placement: Aggressive traders can try short near the current price of 5.12 with a small position, conservative traders wait for a pullback to around 3.95 to go long.

🛑Stop loss: 3.78

🚀Target 1: 4.29

🚀Target 2: 4.46

🛡️Trade management:
- Execution strategy: For long positions, reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect capital. For short positions, strictly set stop losses and exit quickly.

Order book depth shows significant sell orders stacked above 5.15, while buy orders in the 5.12-5.14 range have some depth but are not deep enough.
Funding rate is highly negative at -0.94%, indicating a potential short squeeze, but the short-term overbought condition is severe, creating a conflict between the need for a pullback and the squeeze momentum.
The MACD histogram on the 1H timeframe is beginning to contract, indicating weakening bullish momentum.
The risk-reward ratio is currently unfavorable; a pullback or volume breakout is needed to break the deadlock.

View real-time market 👇 $ILV
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