$IMX USDT SHORT TRADE SIGNALđ„đ„
$IMX is showing signs of exhaustion after a strong intraday push toward the 0.1740 resistance zone. Price printed a sharp wick rejection near the highs, followed by multiple small-bodied candles indicating weakening bullish momentum. The pair is now consolidating just below resistance, forming a potential lower high on the 1H timeframe.
The inability to sustain above 0.1720â0.1740 suggests sellers are stepping in, and a breakdown below short-term support could trigger a corrective move.
Trade Setup:
Short Entry: 0.1690 â 0.1710
TP1: 0.1660
TP2: 0.1625
TP3: 0.1580
SL: 0.1745
A clean rejection from the resistance zone with increasing bearish volume will strengthen the downside continuation scenario.
Market Outlook:
IMX remains under higher timeframe pressure, and this rally appears corrective rather than impulsive. If price fails to reclaim 0.1745, further downside toward the mid 0.15s is likely. Bulls need a strong breakout above resistance to invalidate this setup.
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