$IMX Holding the Bottom Zone — Reversal Attempt Loading ⚡
Long Trade Signal (Scalping):
Entry 1: 0.232 – 0.228
Entry 2: 0.222 – 0.218
TP1: 0.255
TP2: 0.280
TP3: 0.310 – 0.330
SL: 0.208
Leverage: 10–25x (strict risk control)
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Spot Traders:
Spot buying is reasonable near these levels. Build positions slowly and avoid chasing green candles.
Why This Trade:
$IMX has been in a clear daily downtrend, but price has now reached a major demand zone that previously triggered strong reactions. The recent sell-off pushed price into an area where sellers are starting to lose strength, and candles are tightening — a typical sign of exhaustion after heavy selling.
At these levels, shorting is risky because downside is limited compared to upside bounce potential. Any increase in volume or market relief can quickly lift price back toward previous breakdown zones. This setup focuses on a technical relief bounce, not a full trend change yet.
Support Zones:
• 0.222 – 0.218 (current demand base)
• 0.210 – 0.205 (last strong support)
Resistance Zones:
• 0.255 – 0.265 (first reaction area)
• 0.300 – 0.330 (major supply / breakdown zone)
As long as price holds above 0.218, bounce setups remain valid. A clean break below 0.208 cancels the long idea and signals further downside risk.
If you’re not following Token Talk, you’re missing these bottom-range scalps where risk is defined and reward is asymmetric.