💎 Paradisers, #IMX has recently experienced notable market dynamics. Currently positioned around the support area, IMX has a history of successfully bouncing off this support and initiating significant upward movements.
💎 There's potential for IMX to repeat this pattern, with a bounce off the support followed by a breakout above the resistance trendline, potentially leading to continued upward movement toward the strong resistance area.
💎 However, if IMX fails to maintain support and breaks below it, the next likely stop is the daily demand area of around $1.78.
💎 When IMX reaches the demand area, a bounce is crucial, as this zone is pivotal. For IMX to reach the strong resistance, it's essential to reclaim the price above the support area. Failure to do so, and a breakdown below the demand area, could signify a bearish momentum, leading to significant downward movement.