IMX: Pullback in Uptrend
Trade setup: Pullback in Uptrend. Price encountered selling pressure (resistance) at $1.30 level and pulled back to $1.00 support, which could be an attractive swing entry in Uptrend.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $1.00, then $0.80. The nearest Resistance Zone is $1.30.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $1.00, then $0.80. The nearest Resistance Zone is $1.30.
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