Up 30% in a day, with volume at 15.9x the monthly average—I'm refusing to chase this one: How to play ILV
Well,
$ILV is currently at 4.13, up 30.7% in 24 hours, with volume at 15.9x the 30-day average—I refuse to chase it; buy dips below 3.46, and cut losses if it breaks 3.18.
First, the volume is real—24-hour trading volume is 6.009 million USDT, and the final three volume bars are three to five times the average volume of the previous hour.
Second, leverage has not been squeezed—funding rates are flat, the long-short ratio is 1.858, and RSI at 68.2 is strong with a bullish MACD crossove