$IMX has recently broken above the $0.58+ resistance level, signaling a bullish momentum in the short term. The current support zone lies between $0.581and $0.593, offering a solid entry opportunity.
Entry Zone: $0.581– $0.593
Take Profit (TP): $0.651-$0.6590
Stop Loss (SL): $0.5801
This trade setup provides a favorable risk-to-reward ratio for traders looking to capitalize on the upward trend. However, be mindful of the upcoming token unlock event scheduled for September 5, which could introduce volatility.
Trade wisely and manage your risk accordingly.