$IMX /USDT – BEARISH BREAKDOWN AHEAD? 🚨📉
🔍 Technical Overview:
$IMX /USDT is currently trading at $0.426, showing a sharp decline of -9.92% over the last 24 hours. The price is struggling below key resistance levels, indicating a bearish momentum continuation.
📊 Key Levels:
🔻 Resistance:
$0.440 – Immediate Resistance
$0.455 – Strong Supply Zone
🔻 Support:
$0.420 – Minor Support
$0.405 – Next Major Support
$0.385 – Extended Downside Target
📉 Trade Setup (SHORT):
Entry: $0.428 – $0.432 (on weak retest of resistance)
Stop Loss: $0.446 (above key resistance)
Targets:
🎯 TP1: $0.415
🎯 TP2: $0.405
🎯 TP3: $0.388 (optional for extended risk-takers)
🛡 Risk Management:
Always risk 1-2% of your capital per trade. Use position sizing based on your SL distance. Stay disciplined & never chase the market. 📉🔒
🔥 Watch for volume confirmation on breakdown. Bears are gaining control — trade safe! 💼📊
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