Trade setup for #IMX/USDT šš:
š Pattern: Resistance Breakout
š Breakout Confirmation: Following a bullish breakout from a Descending Triangle pattern, IMX reached our target at $2.85 for a +40% gain.
āļø Overbought: RSI is extremely overbought (> 80) and could imply a brief pause or pullback. (Set a price alert)
š Trend: Uptrend across Short-, Medium-, and Long-Term.
š Momentum: Bullish momentum confirmed with MACD Line above Signal Line. However, RSI is extremely overbought.
šŖ Support/Resistance: Nearest Support Zone at $2.30 (previous resistance), followed by $1.75. Resistance Zone stands at $2.85 and $3.50.
Trade wisely and stay adaptable! ššš #Write2Earn #TradingSetup #ResistanceBreakout $IMX