🚨[IMPORTANT ALERT] - $IMX Signal Analysis - Nov 2nd Update 👇

At 02:10 UTC+0, Immutable X got an unusually deposited volume. Its CEX Netflow 24H is equal to $122.9K, approximately 10.6% of 24hrs trading volume ($1.16M). So here is DataFi's analysis 👇

🚨Technical Analysis Review:

1. Current Trend:

- IMX 1D: Bearish, 1D resistance level is around $0.693, weekly resistance level is around $0.802.

- IMX 1H: Bullish, 1H support level is around $0.623, 1D support level is around $0.514.

2. Action:

- Bigboys sold $IMX at around $0.69 on September 21st and have not accumulated more. ($100k - $1M orders).

- Retailers have been selling $IMX since 22nd September ($1k - $100k orders).

3. Prediction: 🔍

TF 1H: ⚠️BULLISH 📈

TF 1D: ⚠️BEARISH 📉

📌Conclusion:

- Bigboys and Retailers have closed their positions.

- Notable support level are around $0.623 and $0.514.

- Notable resistance level are around $0.693 and $0.802.