Is IMX Teetering on the Edge of a Major Drop? Critical Levels!Yello, Paradisers! Is IMX heading for a breakdown, or will it stage a powerful recovery? Let's dive into what’s happening and the key levels to watch.
💎IMX is losing momentum after facing a sharp rejection at the crucial $1.83 resistance. Currently, the price seems poised to retest the demand zone around $1.35 as it attempts to gather new momentum. If IMX bounces off this demand area and manages to break through the $1.83 resistance again, we could see a strong upward push back into a bullish structure, increasing the likelihood of reaching our target area.
💎However, if the price fails to hold above the $1.35 - $1.20 demand zone and breaks below, it could trigger a downward spiral toward the $1.03 - $0.90 support zone. This support area still looks relatively fresh and could potentially attract buyers, leading to a significant rebound if respected.
💎But if IMX breaks below $0.90 without showing signs of strength, this would indicate a bearish scenario, paving the way for an even deeper correction.
Stay vigilant, and as always, trade wisely!
MyCryptoParadise
iFeel the success🌴
Imxusdtsignal
IMX/USDT keep an eye on support or OB, potential bouncing!💎 The recent market dynamics surrounding #IMX have indeed been quite notable. It appears that IMX is poised to retest the support area, which previously acted as resistance.
💎 Alternatively, the price may even reach the Bullish OB area to fulfill orders, potentially leading to a bounce and continuation of the bullish trend.
💎 Given IMX's ongoing bullish momentum in the mid-term, there's a strong possibility that after hitting the Bullish OB, the price will rebound and proceed to retest the resistance.
💎 Breaking through this resistance zone is crucial, as a successful breakout could pave the way for IMX to reach our target strong resistance area.
💎 However, if IMX fails to bounce from the Bull OB and instead breaks below this area, it could signify a bearish trend, leading to further downward movement and potentially lower price levels.
MyCryptoParadise
iFeel the success🌴
IMX/USDT Could IMX repeat the history bounce from here ?💎 Paradisers, #IMX has recently experienced notable market dynamics. Currently positioned around the support area, IMX has a history of successfully bouncing off this support and initiating significant upward movements.
💎 There's potential for IMX to repeat this pattern, with a bounce off the support followed by a breakout above the resistance trendline, potentially leading to continued upward movement toward the strong resistance area.
💎 However, if IMX fails to maintain support and breaks below it, the next likely stop is the daily demand area of around $1.78.
💎 When IMX reaches the demand area, a bounce is crucial, as this zone is pivotal. For IMX to reach the strong resistance, it's essential to reclaim the price above the support area. Failure to do so, and a breakdown below the demand area, could signify a bearish momentum, leading to significant downward movement.