#IMX

📌 Overview:

A double top formation has been marked on the chart following a strong upward trend. This formation could be a trend reversal signal.

📐 Formation: Double Top

Peak 1 and Peak 2 levels have formed peaks at nearly the same level.

The decline in between and the subsequent second peak indicate that the formation is complete.

If the neck line is broken, the decline may deepen.

🎯 Target:

Target TypeLevel (USDT)Double Top Target0.5438

This target has been determined by projecting downwards by the height of the double top.

📉 Technical Outlook:

Current Price: 0.6455 USDT

Formation: Double top (bearish signal)

Target area: Level 0.5438

Support: Approximately level 0.6050 near the neck line

Resistance: If it shows sustainability above 0.6500, the formation will be invalidated.

🧠 Scenario Analysis:

🐻 Bear Scenario (Current):

The formation activates with the breaking of the neck line.

Decline target: 0.5438

A gradual pullback may be observed up to this level.

🐂 Bull Scenario (Invalidation Condition):

If the price shows strong sustainability above 0.65,

The decline may be invalidated and the upward trend may continue.

✅ Conclusion:

Formation: Negative (Double Top)

If a breakout occurs, target: 0.5438

For confirmation of the breakout, the neck line must be clearly broken down.

A close above resistance may invalidate the analysis.