#IMX price has started to decline after reaching the downtrend line and again we expect a drop to the support level of 0.910 $ - 0.930 $ and if the support is broken, the next price target is $0.730.
#IMX is placed between support and resistance, and now after reaching resistance and negative divergence, we expect it to descend towards the main support of $0.930 - $0.910 after breaking the dynamic support.
#IMX dropped to support after breaking dynamic support. According to the market trend, we expect the price to continue down to $0.730.
#IMX
The price started to decline after the formation of the pattern and broke the first support, which was $1.057. The next support is $1.020, which price will probably decrease to that level.
The price started to decline after the formation of the pattern and broke the first support, which was $1.057. The next support is $1.020, which price will probably decrease to that level.
The price of #IMX has a strong upward trend. Considering the upward trend of the market, we expect that the price will continue to grow after breaking the resistance and reach $0.700.
β€2
#IMX is forming a head and shoulders pattern in the daily time frame, and an ascending channel has formed in the 4-hour time frame.
The price reached the resistance level of $2.53-$2.62 , but after several attempts, it has not succeeded in breaking the level yet.
Considering that the price is in an ascending channel and is now at the ceiling, there is a high possibility of the price falling to $1.97.
If IMX manages to break through the resistance level and stabilize above it, there is a high probability that it will reach new price levels. This could indicate the beginning of a new upward trend, attracting the attention of many investors π. It is also important to consider trading volume and overall market conditions to ensure the sustainability of this breakout.
The price reached the resistance level of $2.53-$2.62 , but after several attempts, it has not succeeded in breaking the level yet.
Considering that the price is in an ascending channel and is now at the ceiling, there is a high possibility of the price falling to $1.97.
If IMX manages to break through the resistance level and stabilize above it, there is a high probability that it will reach new price levels. This could indicate the beginning of a new upward trend, attracting the attention of many investors π. It is also important to consider trading volume and overall market conditions to ensure the sustainability of this breakout.
π―110π97β€55 46π₯18π¨βπ»18
#IMX Short Position Update entry at $1.37
β Entering with 50% of our position size at this level.
Targets will be updated soonβstay tuned for further updates!
β Entering with 50% of our position size at this level.
Targets will be updated soonβstay tuned for further updates!
24π―606π532π₯269β€210π21