$IMX /USDT โ BEARISH BREAKDOWN AHEAD? ๐จ๐
๐ 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.
๐ Key Levels:
๐ป Resistance:
$0.440 โ Immediate Resistance
$0.455 โ Strong Supply Zone
๐ป Support:
$0.420 โ Minor Support
$0.405 โ Next Major Support
$0.385 โ Extended Downside Target
๐ Trade Setup (SHORT):
Entry: $0.428 โ $0.432 (on weak retest of resistance)
Stop Loss: $0.446 (above key resistance)
Targets:
๐ฏ TP1: $0.415
๐ฏ TP2: $0.405
๐ฏ TP3: $0.388 (optional for extended risk-takers)
๐ก 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. ๐๐
๐ฅ Watch for volume confirmation on breakdown. Bears are gaining control โ trade safe! ๐ผ๐
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