$IMX Trade and Analysis
**Analysis of IMX/USDT (2025-04-22 to 2025-04-25)**
### **Key Observations**
1. **Price Action**:
- Current Price: **$0.5950–0.5952** (consolidating near the middle Bollinger Band).
- 24h Range: **$0.5846 (support) – $0.6281 (resistance)**.
- Bollinger Bands (IMG_7142): **UP 0.6266**, **MB 0.5978**, **DN 0.5690** (price below MB suggests bearish momentum).
2. **Momentum Indicators**:
- **RSI (6–24)**: 42.6–57.3 (neutral, no extreme overbought/oversold signals).
- **MACD**: DIF (0.015) < DEA (0.020), histogram negative (-0.0049) — **bearish crossover**.
3. **Volume**: Declining (MA(5) < MA(10)), signaling weakening trend strength.
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### **Trade Strategy**
**Direction**: Short-term bearish bias (MACD negative, price below Bollinger midpoint).
1. **Entry Range**:
- **$0.5950–0.5970** (near current price + Bollinger MB resistance).
2. **Stop Loss (SL)**:
- **$0.6285** (just above 24h high and Bollinger UP band to account for volatility).
3. **Leverage**:
- **3–5x** (conservative due to moderate volatility and lack of extreme RSI signals).
4. **Take Profit (TP) Targets**:
- **TP1**: $0.5845 (24h low, partial exit).
- **TP2**: $0.5690 (Bollinger DN band).
- **TP3**: $0.5305 (previous swing low from IMG_7143).
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### **Risk Management**
- **Risk-Reward Ratio**: Minimum 1:2 (SL:TP1).
- **Position Size**: Allocate ≤2% of capital per trade.
**Note**: Monitor volume spikes and MACD reversal signals for early exit adjustments. If price breaks above $0.6281, cancel bearish bias and reassess.