$IMX

USDT Technical Analysis & Trade Signal

Current Price: $1.46

Momentum: Bullish (Short-Term)

Indicators Overview:

Relative Strength Index (RSI): Near 65 (Bullish, but approaching overbought)

Moving Averages: Price above 50-EMA and 200-EMA, indicating an uptrend.

Support Levels: $1.42, $1.38

Resistance Levels: $1.47, $1.50

Trade Setup

Signal: Buy on breakout above $1.47 or on retracement near $1.42 with momentum confirmation.

Targets:

🎯 Target 1: $1.50

🎯 Target 2: $1.55

🎯 Target 3: $1.60

Stop Loss: Place below $1.38 to minimize downside risk.

Momentum Outlook:

Strong buying pressure with increased 24h volume and positive price action. Close monitoring of the resistance zone ($1.47-$1.50) is essential. A confirmed breakout may accelerate momentum toward higher targets.

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