$IMX ๐ IMX/USDT Analysis โ Bullish ๐
๐น Market Overview
Current Price: 0.794 USDT
24H High/Low: 0.798 / 0.719 USDT
24H Volume: 7.06M IMX (Increasing trading activity)
Market Sentiment: Bullish with recent breakout attempt
๐ Chart Pattern Analysis
๐ Pattern: Bullish Breakout from Consolidation Zone
IMX recently broke above the 0.760 USDT resistance, indicating bullish momentum.
If it closes above 0.798 USDT, we can expect further upside.
Support Levels: 0.760 USDT (strong support) & 0.720 USDT (last demand zone).
๐ Volume Analysis:
Volume Spike: Increased buying pressure indicates strong demand.
Order Book: More buy orders than sell, indicating accumulation.
๐ Indicators Confirmation:
โ RSI: Nearing 60+ (Bullish momentum but not yet overbought).
โ Moving Averages: Price is trading above key EMAs, confirming an uptrend.
โ MACD: Bullish crossover indicates continued upside potential.
๐ Trade Strategy (BUY Setup)
โ Entry Zones:
1๏ธโฃ Aggressive Buy: 0.785 - 0.794 USDT (before breakout confirmation).
2๏ธโฃ Breakout Buy: Above 0.800 USDT (confirmation of bullish breakout).
๐ฏ Target Levels:
๐น First Target: 0.820 USDT
๐น Second Target: 0.850 USDT
๐น Extended Target: 0.900 USDT
๐ Stop Loss (SL):
Conservative SL: 0.760 USDT
Trailing SL: Adjust to 0.785 USDT after price reaches 0.820 USDT
๐ Final Call
โ IMX/USDT is in a bullish trend with strong momentum. Look for a breakout confirmation or pullback entry for a potential rally. ๐
๐ข โ ๏ธ Disclaimer: This analysis is for informational purposes only and not financial advice. Always use proper risk management and trade responsibly. ๐จ
