$IMX

#Immutable X (#IMX ) Chart Analysis

IMX is showing a solid #upward trend.

Looking at the first chart analysis image, the next wave and the green line after Wave 1 did not reach the 1.618 Fibonacci extension of Wave 1.

In such cases, there’s potential for a significant rally after a correction.

I currently interpret this as part of the Wave 3-3-1, and it’s better to wait for the correction to finish before entering a trade. While I believe there’s still substantial room for upside, I plan to wait for the correction to ensure safer trading in the short term.

However, if the price unexpectedly rises above $2.25 in the short term, I believe the likelihood of a significant rally diminishes.

Have a great day!

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