IMX has once again defended the $0.37–0.38 demand zone, bouncing sharply off the lows. This level has acted as a long-term accumulation base since late 2022, and price is now showing early signs of another range rotation.
Currently trading at $0.61, IMX is holding above the reclaimed support. As long as this level is maintained, the setup favors a move toward the mid-range and potentially the upper boundary of the established range.
🎯 Key Levels:
Support: $0.38 (range low & invalidation)
Mid-range: $1
Target: $2.65 (range high)
If bulls can push through the $1 mid-range resistance, the top of the range at $2.65 becomes the next magnet.
📌 Risk Management:
$0.38 is the line in the sand. A close below this level breaks the structure and invalidates the setup.
Currently trading at $0.61, IMX is holding above the reclaimed support. As long as this level is maintained, the setup favors a move toward the mid-range and potentially the upper boundary of the established range.
🎯 Key Levels:
Support: $0.38 (range low & invalidation)
Mid-range: $1
Target: $2.65 (range high)
If bulls can push through the $1 mid-range resistance, the top of the range at $2.65 becomes the next magnet.
📌 Risk Management:
$0.38 is the line in the sand. A close below this level breaks the structure and invalidates the setup.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.