🚨 Review of #IMX 4H
➡️ Areas of interest:
- Strong support: 0.510-0.530$.
- Support: 0.580-0.600$
- Supply zones: 0.700-0.740$ and 0.760-0.780$
- Target: 0.820-0.840$ (weak high update)
👍 Growth:
If the current zone holds, a rise to 0.700-0.740$ is possible, followed by a breakdown to the 0.820$ area.
👎 Drop:
If support is broken down - pullback to 0.580$ further movement to 0.510-0.530$ is possible with potential reversal from Strong Low.
The market is at a strong level. Reaction to the current zones will determine the medium-term dynamics - either we will continue the correction or resume growth with renewal of highs.