Here’s the analysis for $IMX /USDT on the 1D timeframe
Current price: 0.709 (+13.99%)
24h High: 0.760 (recent rejection, resistance)
24h Low: 0.611 (strong support zone)
Order book: 64.11% buyers vs. 35.89% sellers, showing strong bullish imbalance.
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📊 IMX Long Trade Idea
📈 Entry: 0.690 – 0.705 (buy on dips near current price)
🎯 Targets: 0.750, 0.800, 0.850
🚫 Stop: 0.660
Reasoning: IMX is trending upward strongly with heavy buying pressure. A breakout above 0.76 could open the way toward 0.80+.
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📊 IMX Short Trade Idea (if rejection repeats at 0.75 – 0.76)
📉 Entry: 0.745 – 0.755
🎯 Targets: 0.700, 0.670
🚫 Stop: 0.770
Reasoning: Price tested 0.76 and pulled back quickly, signaling possible exhaustion. If it fails again, sellers may drag it back to 0.70 or lower before the next attempt.