IMX
Long Trade:
* Entry Idea:
* Aggressive: Around current price $0.540 - $0.545, looking for stabilization and a bounce from this level.
* Conservative: Wait for a clear bounce from stronger support around $0.520 - $0.530, or a confirmed breakout above immediate resistance with increasing volume.
* Targets:
* Short-term: $0.560 - $0.570 (retest recent highs/resistance)
* Mid-term: $0.580 - $0.600
* Potential stretched target: $0.620 - $0.650 (if market sentiment turns strongly bullish).
* Stop-Loss (example): Below $0.510 or $0.500 (depending on entry and risk tolerance).
Short Trade:
* Entry Idea: If $0.540 fails to hold as support and breaks down convincingly, or if it retests $0.560 - $0.570 and gets rejected with bearish confirmation and increased selling volume.
* Targets:
* Short-term: $0.520 - $0.530
* Mid-term: $0.500 - $0.510
* Stop-Loss (example): Above $0.565 or $0.575.
Key Support & Resistance Levels:
* Resistance: $0.560, $0.570, $0.580, $0.600
* Support: $0.540, $0.530, $0.520, $0.500
