š NEUTRAL Setup: #IMXUSDT | $IMX on 1āDay š
Immutable X (IMX) is showing bullish signs, but a short-term pullback may be in play. Hereās a clean trade plan to consider š ļøš
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š Current Price
IMX is trading in the $0.64āÆāāÆ$0.65 range:
CoinMarketCap: ~$0.6516, +10% in 24h
CoinGecko/Coinbase: ~$0.650ā0.65
TradingView: about $0.6469
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š Trade Setup: Buy the Dip Around $0.581ā$0.559
Entry Zone:
Set a limit buy between $0.581 ā $0.559 ā 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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šÆ Targets & StopāLoss
Target 1: $0.75 (short-term resistance)
Target 2: $0.92 (higher resistance, ~40% upside)
Target 3: $1.129 (grand target, ~75% upside)
Stopāloss: set around $0.54 (below recent swing low), keeping risk ~7ā10%
R/R Profile:
Target 1: ~2:1
Target 3: ~6:1 ā solid risk/reward for disciplined entry.
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š 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 ā pullback entry improves R/R
Clearly defined max upside ($1.129) gives you room to plan exits in stages.
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ā ļø Risks to Monitor
Market-wide correction could override IMX strength
Failure to hold support at ~$0.58 ā invalidates setup
Unexpected negative news related to Immutable ecosystem
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š§ Summary Table
Action Level
Entry $0.581 ā $0.559 (limit)
StopāLoss ~$0.54
Targets $0.75 ā $0.92 ā $1.129
Risk/Reward ~2:1 up to ~6:1
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ā Bottom Line:
IMX looks bullish overall, but waiting for a mild pullback near $0.58ā$0.56 gives you a lower-risk entry. If support holds, upside toward $1.129 could play out nicely.
š Drop a š§ if you're eyeing this for your next move
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