Technical Analysis $IMX Jul 3
The weekly price range around $1.00 - $1.20 is an important support zone, capable of holding the price in case of a strong downtrend. This is an area where strong buying pressure can appear.
Currently, the price $IMX is in a downtrend: The price has dropped sharply from the peak of $3.8 and broken the important demand zone of $2.0, potentially continuing to fall to the demand zone around $1.00 - $1.20.
Wait for the price to return to around $1.00 - $1.20: Consider buying if there are signs confirming price increase.
If the price breaks the $1.00 zone, continue to monitor and wait for a stronger buy signal at the lower demand zone, possibly near $0.5.
Avoid buying when the price is in a downtrend, unless there is a clear reversal signal.
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