IMXUSDT soon to hit daily support and likely to bounce there

22 mar 2023

The price is heading towards daily support zone DS1. It is likely that the price will bounce from this support zone if price hits this zone. Let take a long once price reaches there and target 1.28-1.30 area.

22 mar 2023

Uwaga

With this touch of price to the daily support area, the previous short trade finished and this new long is triggered as mentioned before. Let us target the next resistance zone in the best case scenario. Else till the solid arrow end meeting the horizontal line around 1.25 range.

23 mar 2023

Uwaga

The price hit the target even though it revisited the support zone again. The price hit the resistance zone and got rejected from there strongly. This led to another revisit of that support zone and that is resulting in another bounce.

If you like the content and find value in the posted analysis, please give a like and if you want to get notified about any new idea posted, please follow this account. I also share ideas on twitter, so if you want to tune to that, please check my twitter account: twitter.com/angela_altair