๐
$IMX / USDT โ LONG TRADE SIGNAL ๐ข
๐ฅ Market Overview:
$IMX is trading within a rising channel, holding its trendline support near the $0.51 level. The recent bullish bounce from the lower channel indicates potential momentum toward the upper resistance at $0.58. A clean break above $0.535 could confirm continuation.
๐ Trade Setup:
๐ Entry Zone: $0.525 โ $0.535
๐ฏ TP1: $0.555
๐ฏ TP2: $0.580
๐ Stop Loss: $0.500
๐ก Market Outlook:
Trend: Bullish Channel Continuation
Structure: Higher highs and higher lows remain intact
Support Zone: $0.505 โ $0.515
Resistance Zone: $0.555 โ $0.580
Momentum: Strong buying response at trendline support, suggesting renewed bullish energy
โก Strategy & Risk Management:
Leverage: 3โ5x (Moderate Risk Setup)
Risk/Reward Ratio: โ 2.6:1
๐ Plan:
โข Wait for entry confirmation between $0.525 โ $0.535
โข Take partial profit at TP1 ($0.555)
โข Move Stop Loss to Entry after TP1 is reached
โข Let remaining position ride toward TP2 ($0.580)
โ
Summary:
Setup Type: Trendline Rebound / Channel Trade
Bias: LONG
Targets: $0.555 โ $0.580
Market Sentiment: Bullish continuation
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