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IMX / TetherUS

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IMXUSDT trade ideas

IMX would continue to decline IMX has formed a Wyckoff Distribution Schematic 2. It is likely that the phase E (leaving the distribution area) is happening. Actually, IMX price has been in a falling wedge since the local high (around $1.6 in mid March). It's an organic sell. Currently, prices are consolidating below the MA200D which is superimposed with the Fib 0.5 and also right below the resistance trendline of the wedge. As a result, a short setup is proposed as in chart. Final target is also a good buy zone (if IMX can reach).
Short
by evasivesteering
3
IMX - Swing LongThere is a scenario why a new low can be made before a new high, or other bullish scenarios where it goes down to lower green box, but that's for another day. IMX is one of my favourite assets for the new bull cycle (whether we're in it or not). I don't use hard stops for this asset. If things look terrible after the buy area arrives, then I will cut it partially. The black scenario is obviously mega-bullish, but that's not my primary and the marked resistance zone will give a hard rejection as per my system. My bags are already filled and at worst case, I'm looking at a 150%~ move from my first area of interest.
Long
by cryptokebab
IMX is the most underrated L2A LITTLE BIT ABOUT IMX IMX is Ethereum's layer 2 blockchain targeting GameFi. It is a protocol for creating IMX NFTs on the Ethereum blockchain, which allows transactions to be executed quickly and without additional fees. Immutable X uses an optimized Proof of Stake (PoS) algorithm to provide high transaction speed and low cost, while keeping Ethereum secure and decentralized. With zk-rollup technology, Immutable X speeds up transaction validation, providing scalability and reducing commission costs. Immutable X also allows you to create free transactions, making it ideal for games and other applications where multiple transactions are a necessity. HOW IT WORKS AND DISTRIBUTES PROFITS IMX's main revenue, like any L2, consists of commissions for generating transaction batches at the second level, as well as capturing the results of these transactions at the Ethereum level. IMX also takes 2% of all secondary sales on marketplaces that use IMX's order book. IMX has implemented a steaking mechanism, which would more accurately be called pseudo-staking. 20% of the net income of IMX is converted into the native $IMX through the open markets and distributed between all the stakers. Because of that, the IMX project itself maintains demand for its token, in addition to sharing its profits with active users who support the project. In some ways, you could say that IMX is a kind of real yield product, which trend is growing more and more ABOUT THE PROSPECTS IMX is in a narrow GameFi niche, providing unique opportunities for developers and users. Right now, blockchain-based GameFi sector itself is one of the most promising along with zk, RWA and NFTfi. On top of that, IMX has a transparent mechanism to directly influence the price of its native token to holders support. Special mention should be made of the partnership between IMX and Polygon, so developers will be able to implement their products using all existing technologies, relying on Polygon's security. And users will get a better experience with their products. As the entire GameFi sector evolves and the market as a whole continues to grow positively, IMX will take the lead in infrastructure for GameFi, with solutions that are time-tested and proven. Thanks for reading! Share your thoughts about IMX in a comment section
by Samura0x
5