IMX Pullback Before Major Pump – Mr. Fibonelli’s Analysis

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In this analysis, Mr. Fibonelli predicts a pullback in **IMX** (Immutable X) before a strong price pump. Here's a breakdown of his forecast :

- **IMX is expected to pull back** to a **1D Bullish Order Block**. This order block represents a key support zone where the price is likely to bounce.

- After IMX touches this block, Mr. Fibonelli suggests waiting for a **market structure shift** on lower timeframes, following a **sell-side liquidity sweep**. This would confirm a potential reversal.

- For identifying entries, he prefers using the **1-hour timeframe** to confirm the reversal before going long.

Additionally, Mr. Fibonelli expects **Bitcoin** to pull back to around **$63,000** based on **Elliot Wave Analysis**, which could influence broader market movements.

Conclusion and Advice :

**IMX** is poised for a pullback, but this correction could pave the way for a significant bullish reversal. Traders should watch for price action around the **1D Bullish Order Block**, wait for signs of a market structure shift, and use the **1-hour timeframe** for confirmation before entering. Monitoring Bitcoin's potential dip to **$63K** is also crucial, as it may impact the overall market trend.

Stay patient, wait for confirmations, and manage your risk effectively before making any moves.