IMXUSDT soon to hit daily support and likely to bounce there

22 de mar. de 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 de mar. de 2023

Nota

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 de mar. de 2023

Nota

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.

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