📉 $IMX /USDT – BEARISH BREAKDOWN IN PLAY! 🚨
$IMX is currently trading at $0.428, showing signs of weakness after rejecting key resistance. The trend is turning bearish on higher timeframes, and sellers are gaining control.
🔍 KEY LEVELS TO WATCH:
🔻 Resistance:
$0.490 (Major rejection zone)
$0.470 (Intermediate barrier)
🛡️ Support:
$0.422 (Minor support, being tested)
$0.414 (Next strong support zone)
$0.400 (Psychological level)
🎯 TRADE SETUP – SHORT ENTRY:
📍 Entry: $0.428 – $0.430 (current price zone)
🎯 Targets (TP):
TP1: $0.414
TP2: $0.400
TP3: $0.385 (extended target if bearish momentum accelerates)
🛑 Stop Loss (SL): $0.445 (above local structure)
💼 RISK MANAGEMENT:
🔒 Risk only 1-2% of capital per trade. Stick to your stop loss & don't chase losses. Manage position sizing accordingly.
⚠️ Trend is your friend – until it bends. Ride the momentum smartly! 🚀📉
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