$IMX 📉 IMX/USDT Market Analysis – Binance (4H Chart)☣️🌊✅💯🐂🔑👇👇
📅 Date: Feb 12, 2025 – 12:06 UTC
💰 Current Price: $0.792 (+1.41%)
📊 Volume: 105.16K
⚡ Trend: Recovering from pullback, needs confirmation.
📍 Key Levels
🔼 Resistance: $0.802 | $0.832 | $0.914
🔽 Support: $0.780 | $0.750 | $0.720
📊 Technical Indicators
✅ Moving Averages:
Price is hovering around 20 EMA, still below 50 EMA and 200 EMA – cautious uptrend.
Break above $0.802 will confirm further bullish movement.
📉 ADX & RSI:
ADX: 25.53 (Indicating a moderate trend).
RSI: 49.07 (Slightly bullish but needs momentum).
DMI+: 18.24 vs DMI-: 17.34 (Bullish crossover forming).
📉 Trading Plan
🟢 Bullish Scenario (Long Setup)
📌 Entry: Above $0.802 (Breakout confirmation).
📌 Stop-Loss: Below $0.780 (Risk control).
📌 Take-Profit: $0.832 - $0.850 - $0.914
✅ Confirmation: Increasing volume, RSI holding above 50.
🔴 Bearish Scenario (Short Setup)
📌 Entry: Below $0.780 (Rejection from resistance).
📌 Stop-Loss: Above $0.802 (Risk control).
📌 Take-Profit: $0.750 - $0.720
✅ Confirmation: Volume drop, RSI falling below 45.
⏳ Trade Duration: 4 Hours – 12 Hours
📢 Conclusion:
📊 Trend: Neutral to slightly bullish, needs a break above $0.802 for a stronger move.
⚡ Strategy: Monitor for a confirmed breakout above resistance or rejection at this level.
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⚠️ Disclaimer: This is not financial advice. Do your own research before investing.
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