Introduction: ๐ Brace yourselves for a thrilling ride in the crypto seas with IMXUSDT! Traders are setting sail on a short position from $2.32, anticipating a correction in this overbought asset. Let's explore the details of this daring trade.
Trade Details: ๐ฐ The short position (#IMXUSDT) sets sail from $2.32, with a stop-loss anchored at $2.61. The rationale behind this move lies in the asset being overbought and trading near a formidable resistance zone.
Technical Analysis: ๐ Navigating the 1-hour timeframe, it's evident that IMXUSDT is treading waters at a strong resistance zone, signaling a potential correction and the crossing of the FVG (Fibonacci Golden Zone).
Expectations and Strategy: ๐ฏ The plan unfolds with entering the position at the current price or at $2.33. Aiming for a 3-6-9% movement, with potential for one averaging down at the trader's discretion, it's a daring cross into bearish territory.
Trade Target: ๐ The anticipation is set for a 3-6-9% move, as the trader navigates the bearish waves in pursuit of profitable waters.
Conclusion: ๐ข IMXUSDT offers a thrilling opportunity to surf the bearish tides. Traders, fasten your seatbelts, set sail with caution, and ride the waves of potential profits in this exciting crypto journey! ๐๐น