$IMX The weekly chart has just indicated another bullish signal at macro support. What's on the horizon?
Ideally, it would be optimal to see a sustained upward trend from this point, which I expect before any possible reversal and the establishment of a new monthly trend.
After revisiting the previous monthly support levels, there are no signs of new lows, with evident demand around the $1 mark.
If the positive trend continues, a five-week consolidation period could lead to a stronger signal. For now, this setup is enough for me to pursue long positions, with a primary target set at $2.5. If the momentum and market conditions remain favorable, we could be approaching new all-time highs.
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