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IMXUSDT trade ideas

IMXUSDT - WATCH OUT❗ Trade with CautionHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 A quick look at IMXUSDT. The chart is not looking strong and at this point, it's looking more like a liquidity ruggpull. However, the team and the website has been confirmed to be real and not a scam so it could make a part of a diversified portfolio. The first target being the previous point with the highest volume at $1.8. Even though there is upside potential, I would trade this coin with caution and always remember to use a stop-loss ! _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
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by CryptoCheck-
33
IMX - a promising project or a wrapper?The chart shows us a local break of the trend line. But the resumption of buying is weak, without positive dynamics. Possible test of support, which will be a confirmation of successful purchases. If you like the idea, give it a like. That's the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
by Artem_Dishel
4
IMX analysisAnalysis of IMX at the request of a subscriber! Immutable X is the first layer 2 scalable consensus for NFTs on Ethereum. The project's blockchain eliminates the limitations of Ethereum, such as low scalability, poor user interface, illiquidity, and slow UI. Users benefit from instant trading as well as zero gas fees to create and trade NFTs without compromising asset security. To achieve this, Immutable X is built using STARK zk-rollups, a technology that Vitalik Buterin considers "comprehensive". Investors: Sora Ventures, Nirvana Capital, Continue Capital, Coinbase Ventures, Reinventure, Prosus Ventures, Galaxy Interactive, EOS VC Fund, Apex Capital Partners, AirTree Ventures, Alameda Research, ParaFi Capital. IMX unlocks The tokenomics of the project is the most important factor in the analysis. IMX is approaching historical lows, there are now 235 million coins in circulation, the maximum issue is 2 billion. On November 5, 2022, IMX will unlock approximately 350 million tokens, 17.5% of the total supply. The purchase price of funds for private sale is $0.1. Very high chance of falling after unlocking. The IMX developers seem to have realized that the tokenomics was not well thought out. The sale of such volumes of coins could bring down the price by 30-50%. More than 50% of unlocked coins belong to developers. They stated that they will re-lock their coins for 1 year. The developers are also working to attract new strategic long-term holders to buy any remaining IMX holdings. From a technical point of view, I would wait for an update of the lays, because the market looks weak, and before the tokens are unlocked, we can see a fall, and perhaps in this range of $0.44-0.50 large volumes will come to buy. However, we see a small but emerging purchase that cannot leave us indifferent and add this coin to the watch list and stay tuned.
by razumcapital