$IMX (#Layer2 #ImmutableX)
🔻 Trend Break Point: A bullish reversal could be confirmed if the price holds above $1.67.
🔻 Decision Zone: Price action seems to be forming a structure similar to May-October 2023. There is accumulated liquidity that could trigger a short squeeze. Near-term targets for a bounce are $1.7 - $2.1.
🔻 Fundamentals: Keep an eye on the unlock pressure.
🔻 Downside Risk: Key support levels are $0.93 - $0.77, with a possible further drop to $0.58.
🟢 Green zone = buying opportunities. 🔴 Red zone = selling or profit-taking zones. Watch for key setups around these areas.
🔻 Decision Zone: Price action seems to be forming a structure similar to May-October 2023. There is accumulated liquidity that could trigger a short squeeze. Near-term targets for a bounce are $1.7 - $2.1.
🔻 Fundamentals: Keep an eye on the unlock pressure.
🔻 Downside Risk: Key support levels are $0.93 - $0.77, with a possible further drop to $0.58.
🟢 Green zone = buying opportunities. 🔴 Red zone = selling or profit-taking zones. Watch for key setups around these areas.
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