📉 $IMX Short Trade Setup – Targeting $0.58 & $0.52

$IMX has experienced a significant rally, currently trading around $0.65, marking a 41% increase in the last 24 hours. However, it's approaching a resistance zone between $0.68 and $0.77, which could act as a barrier to further upward movement.

Trade Setup:

Entry Zone: $0.65 – $0.6

Take Profit 1 (TP1): $0.5

Take Profit 2 (TP2): $0.5

Stop-Loss:Above $0.7

If IMX fails to break above the resistance zone, a short position targeting the support levels could be favorable. Monitor for confirmation of a reversal before entering.

📈 $IMX Long Trade Setup – Targeting $0.77 & $0.89

IMX is showing strong bullish momentum, recently breaking through the $0.62 resistance level. If this momentum continues, the next targets could be $0.77 and $0.89, aligning with previous resistance levels.

Trade Setup:

Entry Zone: On a confirmed breakout above $0.8

Take Profit 1 (TP1): $0.7

Take Profit 2 (TP2): $0.9

Stop-Loss: Below $0.2

If IMX breaks and holds above the resistance zone with increased volume, a long position targeting higher resistance levels could be favorable. Ensure to confirm the breakout before entering and manage risk appropriately.

🔄 Bouncing Points – The Exciting Zones

📍 Support Levels: $0.58 and $0.52 – These levels have previously acted as strong support, where buying interest has emergd.

📍 Resistance Levels: $0.68 and $0.77 – These are key resistance zones where selling pressure could increase.