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IMXUSDT trade ideas

Immutable Goes Bearish After Weak Bounce (All Crypto Bearish)Immutable did pretty good in its last bullish cycle, nothing compared to Injective and FET but still pretty good. As with Bitcoin and everything else in this market, it went bearish in March 2024. It has been bearish since. In August, after a major low a pull-back was present, we saw prices moving higher. This price bounce is ultra-weak, no volume and lacking bullish momentum, and is being reversed now. After a very strong lower high, IMXUSDT is full red on the current session and moving below multiple major EMAs, including EMA55 and EMA89. It looks pretty bad. It moved up together with Bitcoin, it will move down together with Bitcoin. ➖ FETUSDT bearish. ➖ INJUSDT bearish. ➖ IMXUSDT bearish. ➖ BTCUSDT bearish. They are all one. ➖ ADAUSDT bearish. ➖ DOGEUSDT bearish. ➖ USDT.D bullish (inverse relation). I shared charts for all these. I can continue: ➖ SHIBUSDT bearish. ➖ XRPUSDT bearish. ➖ ETHUSDT bearish. ➖ TRXUSDT bearish. ➖ BNBUSDT bearish It goes on and on. Seven months going down, almost straight down, and some people are still under the impression that the market is going up. The top happened in March, that was already a long time ago. Yes, we are going bullish, but only after the low is in. Bullish at the bottom, bearish at the top. Thanks a lot for your continued support. Namaste.
Short
by AlanSantana
2
Is IMX Teetering on the Edge of a Major Drop? Critical Levels!Yello, Paradisers! Is IMX heading for a breakdown, or will it stage a powerful recovery? Let's dive into what’s happening and the key levels to watch. 💎IMX is losing momentum after facing a sharp rejection at the crucial $1.83 resistance. Currently, the price seems poised to retest the demand zone around $1.35 as it attempts to gather new momentum. If IMX bounces off this demand area and manages to break through the $1.83 resistance again, we could see a strong upward push back into a bullish structure, increasing the likelihood of reaching our target area. 💎However, if the price fails to hold above the $1.35 - $1.20 demand zone and breaks below, it could trigger a downward spiral toward the $1.03 - $0.90 support zone. This support area still looks relatively fresh and could potentially attract buyers, leading to a significant rebound if respected. 💎But if IMX breaks below $0.90 without showing signs of strength, this would indicate a bearish scenario, paving the way for an even deeper correction. Stay vigilant, and as always, trade wisely! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
Is #IMXUSDT on the Edge of Major Breakout? What You Should KnowYello, Paradisers! Are we about to witness a massive bullish rally of the #IMX or pullback could be on the horizon? Let’s break down the #Immutable's price action: 💎#IMXUSDT is showing strong potential for a bullish continuation as it hovers above a critical demand zone at $1.22. We've been closely monitoring #Immutable as it moves through a falling wedge pattern—a setup that often signals an imminent breakout. The next target in sight? The internal minor resistance at $2.02. 💎If #IMX holds strong at this resistance, we could be on the cusp of a significant bullish rally, reminiscent of past explosive market moves. A successful breakout above the key resistance at $2.02 could open the doors to higher resistance zones, potentially driving the price even further. 💎However, caution is crucial here. If momentum weakens at this critical demand zone, we might see a pullback to the lower demand area, ranging between $0.90 - $1.02. 💎Stay vigilant and closely watch the CRYPTOCAP:IMX price action. A daily close below this demand area could invalidate the bullish outlook and pave the way for further declines. Stay focused, patient, and disciplined Paradisers. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
IMX Looks Bottomed Here – Ready for the Next Leg Up?The weekly chart has just confirmed another bullish signal at macro support. What can we expect? Ideally, a continued uptrend from here would be the best scenario, and it’s something I’m anticipating before any potential reversal and the formation of a new monthly trend. There are no new lows in sight after retesting the previous monthly support levels, with clear demand around $1. If things continue to develop positively, a 5-week consolidation period could provide a stronger signal. For now, this setup is sufficient for me to look for long positions, aiming to hold into $2.5 as a primary target. If momentum and overall market conditions are favorable, new all-time highs could be on the horizon. CRYPTOCAP:IMX LONG!
Long
by ZelfTrade
Buy Trade Idea for Immutable (IMX) Description Immutable (IMX) is gaining recognition as a leading Layer-2 scaling solution for Ethereum, designed specifically for NFT (Non-Fungible Token) projects and gaming applications. Here are the key fundamentals driving the potential for a buy trade: - **Layer-2 Scaling Technology:** Immutable uses zk-rollup technology to offer fast, secure, and gas-free transactions on the Ethereum network, making it an appealing platform for NFT creators, gamers, and developers. - **Strong Focus on NFTs and Gaming:** Immutable is heavily focused on the booming NFT and gaming sectors, which have seen exponential growth in recent years. With its purpose-built infrastructure, IMX is well-positioned to capture a significant share of this growing market. - **Eco-friendly Solution:** Unlike many blockchain networks, Immutable aims to be carbon neutral by offsetting the environmental impact of its network, which can attract environmentally conscious investors and projects. - **Growing Ecosystem:** The platform’s partnership with major NFT projects, gaming platforms, and developers is expanding its ecosystem, increasing its utility and long-term growth potential. Given these strong fundamentals and the expanding demand for scalable blockchain solutions, IMX presents a solid buy opportunity for investors looking to capitalize on the NFT and gaming sectors. Disclaimer Trading and investing in cryptocurrencies involve significant risk and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate widely.
Long
by MoonTradingForecast
$IMX (#Layer2 #ImmutableX)🔻 Trend Break Point: A bullish reversal could be confirmed if the price holds above $1.67. 🔻 Decision Zone: Price action seems to be forming a structure similar to May-October 2023. There is accumulated liquidity that could trigger a short squeeze. Near-term targets for a bounce are $1.7 - $2.1. 🔻 Fundamentals: Keep an eye on the unlock pressure. 🔻 Downside Risk: Key support levels are $0.93 - $0.77, with a possible further drop to $0.58. 🟢 Green zone = buying opportunities. 🔴 Red zone = selling or profit-taking zones. Watch for key setups around these areas.
by Goldfinch_song
IMXUSDT→ Exit from consolidation. One step away from the bullrunBINANCE:IMXUSDT exits the local consolidation and also breaks the resistance of the global trend, which can be regarded as a positive prerequisite for growth. IMX is consolidating above the support at 1.386, formed in June. The area divides the market into 2 parts (long and short). Bulls are actively trying to keep the price above this zone, buyers' target is the area of 2.576. But before the rally MM can form a local long-squeeze, in which a false breakdown is possible (liquidity capture below the level) before further movement. It is also worth paying attention to MA-50, within the framework of the retest the market may test both sma and the previously broken wedge boundary before resuming the rally phase. Support levels: 1.386, MA-50, 1.076 Resistance levels: 1.543, 1.784 Bitcoin is pressuring the market, which is forming a local correction, if the flagship starts moving up, it will strengthen the overall tone in IMX. But, if still bulls hold 1.385-1.400, breaking 1.520 resistance will give another chance for growth. Regards R. Linda!
Long
by RLinda
4