๐ NEUTRAL Setup: #IMXUSDT | $IMX on 1โDay ๐
Immutable X (IMX) is showing bullish signs, but a short-term pullback may be in play. Hereโs a clean trade plan to consider ๐ ๏ธ๐
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๐ Current Price
IMX is trading in the $0.64โฏโโฏ$0.65 range:
CoinMarketCap: ~$0.6516, +10% in 24h
CoinGecko/Coinbase: ~$0.650โ0.65
TradingView: about $0.6469
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๐ Trade Setup: Buy the Dip Around $0.581โ$0.559
Entry Zone:
Set a limit buy between $0.581 โ $0.559 โ 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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๐ฏ Targets & StopโLoss
Target 1: $0.75 (short-term resistance)
Target 2: $0.92 (higher resistance, ~40% upside)
Target 3: $1.129 (grand target, ~75% upside)
Stopโloss: set around $0.54 (below recent swing low), keeping risk ~7โ10%
R/R Profile:
Target 1: ~2:1
Target 3: ~6:1 โ solid risk/reward for disciplined entry.
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๐ 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 โ pullback entry improves R/R
Clearly defined max upside ($1.129) gives you room to plan exits in stages.
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โ ๏ธ Risks to Monitor
Market-wide correction could override IMX strength
Failure to hold support at ~$0.58 โ invalidates setup
Unexpected negative news related to Immutable ecosystem
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๐งญ Summary Table
Action Level
Entry $0.581 โ $0.559 (limit)
StopโLoss ~$0.54
Targets $0.75 โ $0.92 โ $1.129
Risk/Reward ~2:1 up to ~6:1
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โ Bottom Line:
IMX looks bullish overall, but waiting for a mild pullback near $0.58โ$0.56 gives you a lower-risk entry. If support holds, upside toward $1.129 could play out nicely.
๐ Drop a ๐งญ if you're eyeing this for your next move
๐ Follow for live candle close updates and trade tracking ๐ฒ
