🔥 IMX getting crushed — -5.21% drop. Capitulation or buying opportunity?

📊 $IMX — Full Technical Breakdown

💹 Price Action:
• Entry: $0.17 (-5.21% 24h)
• Support: $0.16 | Resistance: $0.18
• Pivot: $0.17

📈 Momentum:
• RSI(14): 58.1 — neutral zone
• MACD bullish crossover, histogram expanding - momentum building

🔗 MA Structure:
• EMA20: $0.17 | EMA50: $0.17
• Price reclaimed EMA20 but EMA50 ($0.17) overhead resistance.

🎯 Actionable Setup:
• Bias: SHORT
• Target 1: $0.18 | Target 2: $0.18
• Stop: $0.16
• R:R = 1:1.5

🔥 Long or short? Drop your thesis below 👇

$IMX $GALA

#IMX #TechnicalAnalysis #CryptoTrading #PriceAction