📊 Market Analysis: IMX
The market is currently trading within a previous daily support zone, where a 📍 hammer formation is emerging—an area of interest.
🔍 On the 4-hour timeframe, we are also seeing a potential hammer formation, which is set to close in a few minutes.
⚠️ Daily Signal: Not yet confirmed! However, if the next 4-hour candle trades higher, the daily chart could close with a possible hammer as well.
💡 Trade Insight: The trade is a bit tricky, but remember—the market always carries risks.
📌 Trade Setup:
✅ Action: 📈 BUY
🔻 Stop Loss: 0.5700
🎯 Take Profit: 0.7186
⚠️ Trade with caution! A similar pattern is observed in other coins. 🚀
