๐ข Technical Overview:
The long-term downtrend (falling wedge) on the IMX/USDT chart ended on June 10, 2025. The current price is trading above $0.55 and the bullish breakout is confirmed on the chart.
๐ Structure Insight:
The price has bounced off the reversal zone and entered a strong uptrend
Multiple higher highs and higher lows are possible
First resistance in the $0.80 โ $1.20 range, then the target is $2.07+
๐ป Risk Zone:
A close below $0.45 could lead to consolidation again.
๐ Trade Setup (Not Financial Advice):
๐ฅ Entry Zone: $0.50 โ $0.56
๐ฏ Targets: $0.80 / $1.20 / $2.07
๐ก๏ธ SL: Below $0.45 (confirm retest failure)
๐ Conclusion:
IMX has made a significant reversal and there is a possibility of a big move ahead. This is a potential spot trade according to the chart.
