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IMX / TETHER Standard Futures

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IMXUSDT.PS trade ideas

is IMX making a cup&handle?Volume peaks at the bottom and now close to the resistance zone seems to go toward this direction. To be fair I was watching at it to short it because, then, after a bit I realized that the short I wanted to take should form the handle. I'm not sure about this so I am waiting. However should I lose train this for the short it's better to watch out for the possible long. If I'm right retracement should hit Fib 0.382, if I'm wrong.... use stop loss ahahah Good luck P.S. don't mind those short setup inside the OB, I'm still unsure on what to do with that idea
by Shotokhan
Immutable X (IMX) potential resistanceI advise taking some profits at this level or at least moving your stop-loss tighter. We are approaching a resistance level and the Bull Market Support Band (basedon EMAindicators) is also getting close to the price. There is a convergence with the latest breakdown's 50% Fibonacci level as well. The RSI and Stochastic RSI are also showing overbought levels on the daily timeframe. Of course the price can break through these levels, regardless but statistics-wise these resistances can pivot the trend. Volume is very low so there are not many traders - or not many with significant amount of money in this pump.
Short
by LaiChee81
1