Here is your professional and structured technical analysis post for this chart:
$IMX USDT – BEARS PRESSURISING BELOW MA60, WEAK MOMENTUM AHEAD 🐻
$IMX is currently trading at 0.443, down from the session high of 0.505. Price is holding below the MA60 (0.446), signalling sellers’ control and a possible continuation towards lower supports.
Trade Setup (Short):
Entry: 0.444 – 0.447
Targets: 0.435, 0.428
Stop Loss: 0.451
🔍 Market Outlook:
The market structure is bearish as price remains under the moving average with weak buying volume. Sellers are dominating and a breakdown below 0.440 could trigger a sharper decline towards 0.428.
📊 Risk Management:
Always trade with a defined SL above resistance to protect from sudden reversals in volatile intraday moves.
#IMXUSDT #BearishSetup #CryptoAnalysis #ShortTrade #TradingSignals
buy and trade here on $IMX
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