Haydar Sabiev | Crypto Investor

Opened a short #IMX The coin was unable to break through the resistance at $3.6395 and went into a correction that has not yet ended. A downward channel has formed on the chart. Market participants are gradually fixing their positions, which puts pressure on the asset. At the moment, the token has gone above the moving averages, but most likely will not be able to gain a foothold above them. I assume that the coin will continue to decline in the downward channel and will soon test the support level at $1.2318. Targets: $1.4327 - $1.3553 - $1.2318 Stop: $1.7193

💰 The chart of #IMX token is forming an 'inverted cup and handle' pattern. It indicates a high probability of breaking the support level 📉 In the short term, there are chances of seeing a decline in Immutable. However, this is just a local situation. Note for short sellers. 😎