$IMX /USDT is showing renewed bullish activity, currently trading around 0.232, with a +6.9% move in the last 24 hours. After a clean bounce from the 0.216–0.220 demand zone, price pushed up to 0.236 and is now consolidating above prior resistance, which often precedes continuation.
On the 1H timeframe, candles are forming higher lows, and pullbacks are shallow—signs that buyers are absorbing supply and momentum is building.
Market Structure Overview
Trend (short-term): Bullish continuation
Key Support: 0.228 – 0.230
Immediate Resistance: 0.236 – 0.240
Invalidation Level: Below 0.224
Holding above the reclaimed range keeps the bullish bias intact.
Trade Setup (Intraday / Short-Term)
Entry Zone:
0.229 – 0.232
Target 1:
0.236
Target 2:
0.245
Target 3:
0.258
Stop Loss:
0.223
Trade Logic
Strong bounce from demand confirms buyer interest
Consolidation above 0.230 suggests support flip
A clean break and hold above 0.236 with volume can trigger the next expansion leg
#USCryptoStakingTaxReview #TrumpFamilyCrypto
IMX
0.231
+4.52%