ILVusdt has recently bounced off a robust double bottom zone and is currently targeting a test of the neckline. This neckline remains a critical level to monitor, as a successful breakout could indicate a potential move towards the pattern target, as illustrated on the chart.
For risk management purposes, consider setting the stop loss just below the 37.6 level, aligning with the pattern's dynamics and providing a safeguard against adverse price movements.
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Price approached neckline, I expect it to slow down here before breakout.
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W - Double bottom pattern in play and price is currently settles above the neckline, this is very bullish. The target remain same