1H Technical Overview

Trend Bias: Bullish continuation within strong supply resistance

Current Price: $0.701

Key Levels:

1H Demand Zone: $0.575–$0.582

Next Resistances:

$0.6200 (weak high liquidity)

$0.645 (HTF unfilled supply)

Key Support Below:

$0.5650–$0.5700 (secondary 4H support)

$0.51–$0.52 (strong low - invalidation)

Indicators:

Stochastic RSI:

1H: Oversold with crossover forming → bullish signal

4H: Peaked, but still room if bounce confirms

MACD: Bullish crossover observed

RSI: Approaching overbought territory, indicating strong momentum

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📈 Trade Plan – Bullish Retest Setup

Bias: Long – Demand Hold with Continuation

Entry: $0.575–$0.582 (confirmation on 1H bullish candle)

Stop Loss: $0.565 (below demand)

Take Profit Targets:

TP1: $0.620

TP2: $0.645

TP3: $0.688

Trade Duration: 1–3 days (momentum swing)

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⚠️ Risk Management

Volatility: IMX exhibits high volatility; ensure proper risk management.

Confirmation: Wait for confirmation signals before entering trades.

Market Conditions: Always consider broader market trends and news.