📊 NEUTRAL Setup: #IMXUSDT | $IMX on 1‑Day 🔍

Immutable X (IMX) is showing bullish signs, but a short-term pullback may be in play. Here’s a clean trade plan to consider 🛠️👇

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📍 Current Price

IMX is trading in the $0.64 – $0.65 range:

CoinMarketCap: ~$0.6516, +10% in 24h

CoinGecko/Coinbase: ~$0.650–0.65

TradingView: about $0.6469

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🚀 Trade Setup: Buy the Dip Around $0.581–$0.559

Entry Zone:

Set a limit buy between $0.581 – $0.559 — slightly below the recent support range (~$0.58), aiming to catch a shallow pullback.

Confirmation Tools:

Watch for bullish reversal candlestick (hammer, bullish engulf) in that zone.

Volume uptick on the bounce = strong confirmation.

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🎯 Targets & Stop‑Loss

Target 1: $0.75 (short-term resistance)

Target 2: $0.92 (higher resistance, ~40% upside)

Target 3: $1.129 (grand target, ~75% upside)

Stop‑loss: set around $0.54 (below recent swing low), keeping risk ~7–10%

R/R Profile:

Target 1: ~2:1

Target 3: ~6:1 — solid risk/reward for disciplined entry.

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📈 Why This Works

After a strong ~10% surge yesterday, IMX may pull back slightly for consolidation, offering a good entry point

General momentum remains bullish, with indicators neutral to buy — pullback entry improves R/R

Clearly defined max upside ($1.129) gives you room to plan exits in stages.

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⚠️ Risks to Monitor

Market-wide correction could override IMX strength

Failure to hold support at ~$0.58 → invalidates setup

Unexpected negative news related to Immutable ecosystem

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🧭 Summary Table

Action Level

Entry $0.581 – $0.559 (limit)

Stop‑Loss ~$0.54

Targets $0.75 → $0.92 → $1.129

Risk/Reward ~2:1 up to ~6:1

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✅ Bottom Line:

IMX looks bullish overall, but waiting for a mild pullback near $0.58–$0.56 gives you a lower-risk entry. If support holds, upside toward $1.129 could play out nicely.

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$IMX

#IMX