💵False breakdown of the mirror ascending channel, and a large player taking a position - #IMX

📝At the moment the price is trading inside the mirror ascending channel, within which we have shown a strong reaction to the POC volume level💸

In the near future I expect to see a test of valid support zone and continuation of growth with breakdown of resistance zone and removal of swing highs above⏳

🔜I plan to enter the trade from current($1.434-$1.35).

🛑 Stop loss will be at the level of ($1.25)

✅First take (1.5295$)

✅Second take ($1.7043)

✅Third take ($1.8211)

When the first take is reached, the stop loss should be moved to breakeven.

Reaching the third take will account for 27% of the net movement excluding shoulders.