Technical CRYPTO Analyst

#IMXUSDT recently rejected the resistance level of 1.818. This price point has proven to be a strong barrier, causing a temporary pullback. However, this rejection does not necessarily indicate a downtrend yet. Instead, the focus shifts to the support zone of 1.449, where we expect a possible rebound or continuation. However, we should be cautious.

If it breaks below 1.449, the bullish scenario could be completely nullified, paving the way for a significant downside move. Such a breakdown would be a strong signal to reassess market sentiment and adjust positions accordingly.

14👌707💯515🔥287❤226😘3

www.tgoop.com/TechCryptoAnalyst/12510

55.9K viewsNov 26, 2024 at 14:40

#IMXUSDT recently rejected the resistance level of 1.818. This price point has proven to be a strong barrier, causing a temporary pullback. However, this rejection does not necessarily indicate a downtrend yet. Instead, the focus shifts to the support zone of 1.449, where we expect a possible rebound or continuation. However, we should be cautious.

If it breaks below 1.449, the bullish scenario could be completely nullified, paving the way for a significant downside move. Such a breakdown would be a strong signal to reassess market sentiment and adjust positions accordingly.

BY Technical CRYPTO Analyst