$IMX — BEARISH BREAKDOWN IN FOCUS. 📉
IMX has broken below the lower boundary of its symmetrical triangle on the 4H chart, putting sellers in control of the short-term structure.
This breakdown suggests a potential continuation to the downside, with the $0.1100 and $0.1080 areas worth watching next.
A sustained move below the broken trendline would strengthen the bearish case. However, a reclaim of the pattern could invalidate the breakdown.
Watching for confirmation rather than chasing the move.
Stay patient. Let price action confirm the next direction.
#IMX #IMXUSDT #CryptoTrading
IMX has broken below the lower boundary of its symmetrical triangle on the 4H chart, putting sellers in control of the short-term structure.
This breakdown suggests a potential continuation to the downside, with the $0.1100 and $0.1080 areas worth watching next.
A sustained move below the broken trendline would strengthen the bearish case. However, a reclaim of the pattern could invalidate the breakdown.
Watching for confirmation rather than chasing the move.
Stay patient. Let price action confirm the next direction.
#IMX #IMXUSDT #CryptoTrading
