$ILV is stuck in a clean descending channel, with weaker bounces and sellers defending every move. It’s now hugging the lower boundary, still below the 9EMA, classic controlled downtrend 🚨
As long as it stays under the midline + $8–$9 zone, bearish bias stays strong 🐻
A breakdown = more downside ⬇️
Only a strong reclaim of the upper channel flips the trend 🔄