IMXUSDT
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. :-)
IMX Long - INH&SIMX has had some good fundamental news relating to a partnership with MasterCard lately.
Looking at the chart, Im observing the formation of a possible inverse head and shoulders pattern, with the right should right now forming (hopefully). Inside the right should is a mini inverse head and shoulders if you go to. a lower time frame.
Price targets on the chart.
Watching what bitcoin does closely obviously but the IMX/BTC pair looks healthy.
IMX - Long after false breakdownReasons to take long
⭐️ Accumulation 15 days
⭐️ Formation is clean
⭐️ We are in the end of formation
⭐️ Recently collected liquidity
⭐️ Range is getting smaller
⭐️ 4th touch
⭐️ 50 ATR
Will enter when price squeezes to the level on 5m timeframe, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
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
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
IMX/USDT LONG SCALP SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this IMX/USDT TRADE setup. IMX looks good here.
IMX is breaking out from the broadening wedge pattern and a retest is also done. Expecting a 25-30% move to the upside. Long now and add more in the dip.
Entry range :- $1.54-$1.62
Target1:- $1.68
Target2:- $1.76
Target3:- $1.84
Target4:- $2.0
SL:- $1.46
Use low leverage (4x-6x)
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Also, share your views in the comment section.
Thank You!
IMX at long term support#IMX/USDT
$IMX is at long term support zone.
🐮 holding this support and rejection from it can increase price to resistance zone between $3.2 and $3.5
and if price break down from support zone, next support is between 0.5 and 0.618 fib levels of this swing high and by holding this support price can shape an inverted head and shoulders to reach $4.
Eyes on IMXThere has been recent updates on Immutable X and the gem has been try to break the $2.37 price level. It has all been on Kucoin top 50 in terms of trading volume for a couple of days now. When this price level eventually get broken, the next price level to watch out for is the $3.3.
This is based on my personal opinion and I could be wrong.
Always do your own research.
#NFA
#IMXUSDT Update BUYI will buy this token, from the formed support zone, to the next zone. All the zones you can see on the chart. As you can remember, my previous analysis (sell) was correct, and we had provit. Now I'm looking for a buy. Be safe! If you want me to analyze other cryptos as well, so write it in comment section. And I will do it. Peace for everyone
Thanks GameStopFor dumping 14 million imx tokens you recieved on apes/retail.
You can see we broke down, broke up again and then we broke back down below but holding. The weekend will probably determine where we go.
Clearly not enough interest to keep this afloat and I believe it's mostly due to Very negative social sentiment. Leads me to believe this will be dropping further as one looking to get into imx will not be drawn in expecting further downtrend. LRC looks to have the better social sentiment at the moment.
Holding on the daily so far. Pucker up crypto is a rollercoaster.