#IMX/USDT
2024-08-28

#IMX

The price is moving in a descending channel on the 4-hour frame and is sticking to it very well and is expected to break it upwards

We have a bounce from a major support area at the lower line of the channel at 0.1370

We have an uptrend on the RSI indicator which supports the rise

We have a trend to stabilize above the 100 moving average which supports the rise

Entry price 1.37
First target 1.46
Second target 1.52
Third target 1.59