$IMX !! Wedge Squeeze Before The Big Move 🚀💀❓
IMXUSDT is sitting at 0.1610 and this 4h chart is tightening up fast. After the rejection at 0.1797, IMX has been grinding down inside this yellow falling wedge. Price just tagged the lower trendline near 0.1536 and bounced, but we are still under the upper trendline resistance. This is classic squeeze behavior before expansion.
The structure is pretty clear. That red box around 0.1822 is the major supply zone where sellers stepped in last time. IMX needs to reclaim that to signal real strength. Right now we are dealing with the wedge. Falling wedges are
#bullish patterns, but they need confirmation. The yellow path on the chart shows two options. Option one is a quick sweep of the 0.1536 low to trap sellers, then a fast reclaim of the upper trendline around 0.1615. If we get a 4h close above that trendline with volume, the move to 0.1822 opens up. That’s the first real target. Break and hold 0.1822 and we likely see 0.1925 next.
But you have to respect the downside too. If IMX loses 0.1536 on a 4h close, the wedge fails. There is not much demand until 0.1511, and below that we are looking at 0.1408. Volume is low at 596K USDT in 24h, which means a break of either side will move fast when liquidity shows up.
🚨 Key levels for your game plan:
Support:
0.1536 is the wedge low and must hold. Losing it flips the chart bearish.
Resistance:
0.1615 is the wedge breakout trigger. Above that, 0.1797 and 0.1822 are where sellers live.
IMX is coiling and about to pick a direction. Don’t guess the breakout. Wait for a clean 4h close above 0.1615 for longs, or a loss of 0.1536 for shorts. Let the wedge do the work. Trade the confirmation, not the hope.
Are you watching for the wedge breakout or waiting for the liquidity sweep?
$IMX Trade from here before DYOR 👇
#IMX #IMXUSDT #ImmutableX