📉🚨
$IMX /USDT — SHORT SETUP ALERT 🚨📉
$IMX is approaching a key resistance zone where sellers may look to regain control. If the price shows rejection within the entry range, the bearish setup could open the door for a move toward lower support levels.
📊 Trade Setup
🔴 Direction: Short
🎯 Entry Zone: 0.1260 – 0.1278
🛑 Stop Loss: 0.1307
💰 Take Profit Targets
🔸 TP1: 0.1248
🔸 TP2: 0.1230
🔸 TP3: 0.1210
🔸 TP4: 0.1205
📈 Why Traders Are Watching
✅ Price testing a key resistance area
✅ Clearly defined risk and reward levels
✅ Potential downside if sellers defend resistance
✅ Multiple profit targets for effective trade management
🔥 If
$IMX fails to break above resistance and selling pressure increases, the bearish momentum could extend toward the listed targets. Confirmation from price action and trading volume would strengthen the short setup.
📍 Key Focus
• Rejection within the entry zone
• Rising selling volume
• Formation of lower highs on lower timeframes
• Price reaction near key support levels
⚠️ Every trade carries risk. Wait for confirmation before entering, and always manage your position size according to your trading plan.
🤔 Trader Question
Will
#IMX reject resistance and continue lower, or will buyers invalidate the setup with a breakout above the stop-loss zone?
💬 Share your outlook below.
👇 Short
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