Yello Paradisers, is this the real start of a powerful bullish reversal on #IMX, or just another classic setup to liquidate impatient traders before the true move begins? The next few days will decide everything.
💎#IMXUSDT has broken out of a falling wedge, which is a typical bullish reversal structure, and is now retesting the strong demand zone between $0.45 and $0.49. As long as the price holds above this level, the bullish scenario remains intact, with $0.659 as the first key resistance to watch.
💎A clean break above $0.659 could open the way toward $0.734, while the critical resistance zone at $0.843 will be the ultimate test of whether IMX can shift into a sustained uptrend.
💎However, the invalidation level sits at $0.401. If this level fails, expect a fast move back toward $0.30, which will likely wipe out many traders who jumped in too early.
This is exactly where most retail traders get trapped. They either chase the move too late or panic-sell too early.