$IMX /USDT Technical Analysis & Trade Signal
Current Price: $1.458
24h High: $1.469
24h Low: $1.321
Price Change: +8.16%
Technical Analysis:
Resistance Levels:
Primary Resistance: $1.472
Secondary Resistance: $1.469
Support Levels:
Primary Support (SAR): $1.430
Secondary Support: $1.429
Trend Analysis:
The price is showing bullish momentum with an increase of +8.16% over the past 24 hours. The price is currently near the upper resistance level of $1.472, indicating a potential break above this point if bullish momentum continues.
Moving Average: The price is trending above the 1-hour and 4-hour moving averages, suggesting a short-term bullish trend.
Trade Signal:
Signal: Buy at $1.458 (current price)
Momentum: Bullish (Positive price movement and above key support levels)
Stop Loss: $1.429 (support level)
Target Levels 🎯:
1. Target 1: $1.472 (Resistance)
2. Target 2: $1.490 (Next resistance level)
3. Target 3: $1.510 (Higher resistance potential)
Trade Momentum:
The bullish momentum is supported by the recent price increase and technical indicators showing that the price is likely to break resistance. If price surpasses $1.472, it could extend towards $1.490 and potentially $1.510.
Conclusion: Given the current bullish trend, it’s a good opportunity for a buy at $1.458 with targets at $1.472, $1.490, and $1.510. However, set a stop loss near $1.429 to limit potential losses.
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