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IMXUSD

IMX has broken down, time to wait.It is now time to sit on our hands and wait for a good entry for IMX. This rising ascending wedge technically wants to break down (and it has), ultimately constituting a bear flag pattern, that will now continue the preceding down trend. If bitcoin were to nuke downwards, then the local low here (bottom of the range) would be a great place to sit. Option 1 and option 2 make sense to me for longs, but I would argue that they sit a bit to close to then stay in them for any length of time. (Quick scalps here).
Long
by t_trad_coach
IMX back inside the wedgeIMX has bounced back inside this wedge, causing a takeout to the downside and a great long buying opportunity. To reduce risk we could sit at the support level ~ 0.677 with a stop just below (invalidation point. Targets wise, first stop you have the historical price action around 0.730, which also lines up nicely with a 0.618 retracement of the recent leg down. Above that you have the diagonal resistance and then above that (hopefully after a breakout) you have the horizontal price action resistance ~0.8 Clear trade idea with clear stops. :-)
Long
by t_trad_coach
IMP Scalp long - Potential after accumulation is huge!⭐️ BTC locally bullish ⭐️ Market is in panic ⭐️ We are in the end of formation ⭐️ Accumulation 6 days ⭐️ 4th touch ⭐️ Formation is visible on daily timeframe ⭐️ Volume at bottom ⭐️ Over VWAP Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster. What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Long
by Artem_Dishel
3
IMX/USD bullish reversal soon? IMX is the L2 chain for NFT & Gamefi which can bring 9000+ TPS. IMX investers have Galaxy Digital, Coinbase, Alameda Research and more more.... That's are strong background.... Let's look for the price! After dropped more than 80%, seems IMX finding support level and waiting for reversak. - RSI divergence - MACD divergence - RSI is oversold and oversold after GME sold their IMX - First Target is 50MA around $2.3 - 4 hours creating higher low - Volime also keep going down and waiting for volume breakout.... For my perspective, if Gamefi/NFT still hot in future, IMX is easy bring 5-10 x even more in long term... This is not financial advice. Just my point of view. You're welcome to leave your comment if you want further discussion.
FTX:IMXUSDLong
by cryptotraderman
2