$IMX /USDT Price Update – Bullish Momentum Building 📈
$IMX /USDT is trading at $1.408, showing promising upward momentum as it approaches its 24-hour high of $1.417.
Key Levels to Watch:
Support Levels:
$1.352 – Immediate support, critical for maintaining bullish momentum.
$1.300 – A stronger base if a correction occurs.
Resistance Levels:
$1.417 – Key resistance, breaking above this could open the doors for a rally.
$1.450 – The next target for bulls to aim for.
🎯 Trade Setup:
For Bulls:
Entry around $1.352 to capitalize on potential pullbacks.
Targets: $1.417 and $1.450.
Stop-loss at $1.340.
For Bears:
Short below $1.352, targeting $1.300.
Stop-loss at $1.370.
Market Insight:
With an RSI of 83.89, IMX is in overbought territory, suggesting potential profit-taking or minor corrections in the near term. Volume analysis highlights increased buyer interest, favoring bullish sentiment. Monitor price action around resistance zones for signs of breakout or reversal!