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There's a huge imbalance at 190/205 zone
Crypto Master 786
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Bullish
$IMX /USDT Bull Run Alert! ๐ฅ๐ฏ
Current Price: $1.234
Trade Type: Bullish (Long Setup)
Key Levels:
Support: $1.200
Resistance: $1.300 (breakout level)
Entry Zone:
Optimal Entry: $1.225 - $1.240
Stop Loss: $1.200 (below key support)
Targets:
First Target: $1.270 (local resistance)
Second Target: $1.300 (breakout level)
Third Target: $1.350 (if momentum continues)
Market Context:
Momentum: Bullish momentum supported by increasing buying volume.
Indicators: RSI rising, indicating continued bullish strength; MACD bullish crossover points to further upside.
Trade Plan:
1. Entry: Enter between $1.225 and $1.240 for a favorable risk/reward setup.
2. Stop Loss: Set stop loss at $1.200 to limit downside risk.
3. Targets: Look to take profits at $1.270, $1.300, and $1.350.
4. Risk Management: Maintain a 3:1 risk/reward ratio and adjust stop loss to breakeven after hitting the first target.
Pro Tip: A breakout above $1.300 with rising volume could push $IMX toward $1.400. Watch for confirmation of broader bullish trends! ๐
$IMX
#USConsumerConfidence #SOLETFsOnTheHorizon #TrumpCryptoOrder #BinanceAlphaAlert #AnimecoinOnBinance
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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