🔥 $IMX /USDT – Weak Recovery Attempt After Sharp Decline 🟠

IMX is trying to stabilize after falling from a high of $0.587 to a local low of $0.437. Price is currently at $0.465, but remains well below the 25 and 99-period moving averages, signaling limited bullish strength for now.

🔍 Technical Analysis

• MA Overview: Price is just above MA(7) = $0.461, but still well below MA(25) = $0.483 and MA(99) = $0.528 — bearish structure.

• Support Zone: $0.437 – $0.450 remains a key base. Breakdown below this could trigger a fall toward $0.429.

• Resistance Zone: $0.470 – $0.485 is the next resistance range. Bulls need to reclaim $0.485 to shift sentiment.

• Price Structure: Minor bullish momentum building, but trend remains fragile unless confirmed by volume.

🎯 Trading Plan

🔴 Bearish Setup

• Entry: $0.465 – $0.475

• TP1: $0.452

• TP2: $0.438

• SL: $0.485

🟢 Speculative Long Setup

• Entry: $0.450 – $0.458

• TP1: $0.475

• TP2: $0.485

• SL: $0.437

📌 Note: Bulls need a breakout above $0.485 with strong volume to invalidate the current downtrend. Until then, cautious trading is advised.

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