Hey traders hope you are enjoying our analysis. Now we are here again with a new trading opportunity. We will discuss today about IMX
IMX Finally Hits Our Target 40% Profit Done✅
🔥🔥🔥💯
On 1h TF
IMX is pulling back to support zone around $2.05 this level is Fair Value Gap
Besides, the ascending trend line is supporting for this bullish
So wait for rejection at this level before open position
Time will tell
IMX is trading above the support zone of $0.568 and below the trendline resistance. As long as it is above the support zone, we could start seeing a move towards $0.650 and $0.709 which is the key resistance area. If $0.709 gets broken, IMX will break out of the bearish trend and quickly move towards $0.789, $0.915, $1.048 and $1.129.
Failure to hold the support...
I did not enter this trade yet. My entry is higher than the mark price and I believe it will go up there first before going down. There is a huge imbalance below and I think it might get filled. First horizontal line should be TP1 and full TP at the weekly open.
Immutable X is forming bullish divergence in day time keep your eye on it.
It can explore anytime make use of it guys
Entry once it break the resistance of 1.57$
targets : 1.7$ - 1.9$ - 2.2$
stop loss : 1.43$
enjoy the profit!!! stay safe
