🔴$IMX
IMXUSDT
Διην.
0.2702
+1.23%
BEARISH REJECTION FROM SUPPLY – NEXT MOVE TO THE DOWNSIDE
Price has reacted sharply from a strong supply zone after an impulsive bullish run, signaling exhaustion from buyers. The structure on the 1H and 4H timeframes shows rejection at higher levels, with momentum starting to fade. This setup suggests a corrective bearish move as sellers regain control below the resistance area. Continuation to the downside is expected if price fails to reclaim the upper zone.
Entry: Short positions near the 0.255–0.260 resistance zone
Targets:
TP1: 0.235
TP2: 0.220
TP3: 0.200
Stop Loss: 0.268
Risk Management: Risk only 1–2% per trade, take partial profits at targets, and trail stop loss after TP1 to protect capital.