Immutable X
IMX is back on my radar – are the bulls about to get a discount entry? According to market chatter, interest around scalable gaming chains is heating up again, but IMX has been quietly retracing after its recent pop. Today we saw sellers step in near the 0.1620 area, right inside a fat 4H supply zone on my chart, while RSI rolled over from the mid 60s.
On the 4H chart I’m leaning short in the near term. Price rejected the upper red zone and is now sliding toward the green demand block around 0.1520 0.1480, with volume tapering on the way down – classic “drift lower into support” behavior. If gaming sentiment cools a bit more, I expect a sweep of lows into that green box before any serious bounce.
My base plan: look for buyers to show up inside 0.1520 0.1480 and then a potential rotation back toward 0.1600 0.1650. If price instead reclaims and holds above 0.1660, that kills the short idea and opens the door to a run at the higher supply around 0.1750. I might be wrong, but for now I’m patiently waiting for that dip into demand rather than chasing candles up here.
IMX is back on my radar – are the bulls about to get a discount entry? According to market chatter, interest around scalable gaming chains is heating up again, but IMX has been quietly retracing after its recent pop. Today we saw sellers step in near the 0.1620 area, right inside a fat 4H supply zone on my chart, while RSI rolled over from the mid 60s.
On the 4H chart I’m leaning short in the near term. Price rejected the upper red zone and is now sliding toward the green demand block around 0.1520 0.1480, with volume tapering on the way down – classic “drift lower into support” behavior. If gaming sentiment cools a bit more, I expect a sweep of lows into that green box before any serious bounce.
My base plan: look for buyers to show up inside 0.1520 0.1480 and then a potential rotation back toward 0.1600 0.1650. If price instead reclaims and holds above 0.1660, that kills the short idea and opens the door to a run at the higher supply around 0.1750. I might be wrong, but for now I’m patiently waiting for that dip into demand rather than chasing candles up here.
SIGNAL INDICATOR
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✅Buy&Sell according to 7 strategies
✅Technical analysis according to 30+ parameters
✅WinRate of signals up to 75%
✅RR 1k3, no deep drawdowns!
Free test drive using my link:
👉t.me/Multiindicator_bot
NO REDESIGNING
✅Buy&Sell according to 7 strategies
✅Technical analysis according to 30+ parameters
✅WinRate of signals up to 75%
✅RR 1k3, no deep drawdowns!
Free test drive using my link:
👉t.me/Multiindicator_bot
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
SIGNAL INDICATOR
NO REDESIGNING
✅Buy&Sell according to 7 strategies
✅Technical analysis according to 30+ parameters
✅WinRate of signals up to 75%
✅RR 1k3, no deep drawdowns!
Free test drive using my link:
👉t.me/Multiindicator_bot
NO REDESIGNING
✅Buy&Sell according to 7 strategies
✅Technical analysis according to 30+ parameters
✅WinRate of signals up to 75%
✅RR 1k3, no deep drawdowns!
Free test drive using my link:
👉t.me/Multiindicator_bot
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.