Yello, Paradisers! Are we about to witness a massive bullish rally of the #IMX or pullback could be on the horizon? Let’s break down the #Immutable's price action:
💎#IMXUSDT is showing strong potential for a bullish continuation as it hovers above a critical demand zone at $1.22. We've been closely monitoring #Immutable as it moves through a falling wedge pattern—a setup that often signals an imminent breakout. The next target in sight? The internal minor resistance at $2.02.
💎If #IMX holds strong at this resistance, we could be on the cusp of a significant bullish rally, reminiscent of past explosive market moves. A successful breakout above the key resistance at $2.02 could open the doors to higher resistance zones, potentially driving the price even further.
💎However, caution is crucial here. If momentum weakens at this critical demand zone, we might see a pullback to the lower demand area, ranging between $0.90 - $1.02.
💎Stay vigilant and closely watch the IIMX price action. A daily close below this demand area could invalidate the bullish outlook and pave the way for further declines.
Stay focused, patient, and disciplined Paradisers.
MyCryptoParadise iFeel the success🌴
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💎Nailed it again - #IMXUSDT is up 65.09%, right on cue and still looking good to reach the above resistance.
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