I am discussing a potential investment plan for the cryptocurrency Immutable X ($IMX).
1. Current Market Condition: The sell pressure of token unlock is nearly over. This implies that recent selling pressure on IMX, possibly due to token unlock events (when previously locked tokens are released into the market), may be ending, which could reduce selling pressure and potentially increase the price.
2. Investment Plan: I have a budget of $5,000 for investing in IMX, with a specific strategy:
30% Now: I plan to invest 30% of my budget ($1,500) at the current price.
30% Later: Another 30% will be invested if the price drops to $0.90.
Remaining 40%: I'm undecided about when to invest the remaining 40% but am considering waiting until the price reaches around $0.75.
3. Goal: I intend to buy IMX for a "bull run," meaning I'm hoping to profit from an anticipated future increase in price.
- a post from my guru.