🚨 $IMX Long Liquidation Incoming! 💥
A hefty $1.47K in longs just got liquidated at $0.5178 — bulls caught off guard as price slipped under key support! ⚡
The flush signals a short-term sentiment shift, with leverage players shaken out after failing to defend the $0.520–$0.525 zone. Bears are now pressing their advantage. 😈
📊 Market Snapshot:
Current Support: $0.5100 — critical line for bulls to hold
Next Support: $0.4980 – losing this opens room to $0.485
Resistance: $0.5250 – reclaim needed to regain momentum
🔥 Next Move:
Scalp traders: Watch for a bounce play from $0.5100 — only if volume confirms a reaction.
Swing traders: Wait for a clean breakout above $0.5250 to rejoin the uptrend.
If weakness continues, expect another round of long liquidations below $0.5050.
⚔️ Bulls are wounded, but not out — watch for their comeback attempt around $0.5100.