Rejection at Resistance on $IMX /USDT …! Bearish Continuation Setup

Short IMX/USDT

Entry: 0.1374 – 0.1379

SL: 0.1436

TP1: 0.1337

TP2: 0.1312

TP3: 0.1287

TP4: 0.1239

Price is showing clear rejection near the 0.1377 resistance zone, aligning with the upper Bollinger Band — a sign of short-term exhaustion. The higher timeframe trend remains bearish, supported by EMA ribbon alignment and weak 4H structure.

RSI stalling near 54 indicates fading bullish momentum, suggesting buyers are unable to push higher. This increases the probability of a downside continuation from the current resistance zone.

As long as price remains below 0.1436, the setup favors sellers, with momentum pointing toward lower support levels and further bearish expansion.

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IMXUSDT

Perp

0.1796

+2.51%