Yello Paradisers, is this the real start of a powerful bullish reversal on #IMX, or just another classic setup to liquidate impatient traders before the true move begins? The next few days will decide everything.
💎#IMXUSDT has broken out of a falling wedge, which is a typical bullish reversal structure, and is now retesting the strong demand zone between $0.45 and $0.49. As long as the price holds above this level, the bullish scenario remains intact, with $0.659 as the first key resistance to watch.
💎A clean break above $0.659 could open the way toward $0.734, while the critical resistance zone at $0.843 will be the ultimate test of whether IMX can shift into a sustained uptrend.
💎However, the invalidation level sits at $0.401. If this level fails, expect a fast move back toward $0.30, which will likely wipe out many traders who jumped in too early.
This is exactly where most retail traders get trapped. They either chase the move too late or panic-sell too early.
MyCryptoParadise
iFeel the success🌴
💎#IMXUSDT has broken out of a falling wedge, which is a typical bullish reversal structure, and is now retesting the strong demand zone between $0.45 and $0.49. As long as the price holds above this level, the bullish scenario remains intact, with $0.659 as the first key resistance to watch.
💎A clean break above $0.659 could open the way toward $0.734, while the critical resistance zone at $0.843 will be the ultimate test of whether IMX can shift into a sustained uptrend.
💎However, the invalidation level sits at $0.401. If this level fails, expect a fast move back toward $0.30, which will likely wipe out many traders who jumped in too early.
This is exactly where most retail traders get trapped. They either chase the move too late or panic-sell too early.
MyCryptoParadise
iFeel the success🌴
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🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.