š¢ Technical Overview:
The long-term downtrend (falling wedge) on the IMX/USDT chart ended on June 10, 2025. The current price is trading above $0.55 and the bullish breakout is confirmed on the chart.
š Structure Insight:
The price has bounced off the reversal zone and entered a strong uptrend
Multiple higher highs and higher lows are possible
First resistance in the $0.80 ā $1.20 range, then the target is $2.07+
š» Risk Zone:
A close below $0.45 could lead to consolidation again.
š Trade Setup (Not Financial Advice):
š„ Entry Zone: $0.50 ā $0.56
šÆ Targets: $0.80 / $1.20 / $2.07
š”ļø SL: Below $0.45 (confirm retest failure)
š Conclusion:
IMX has made a significant reversal and there is a possibility of a big move ahead. This is a potential spot trade according to the chart.
