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【$IMX Signal】Empty position, waiting for selling pressure confirmation
$IMX Price decline accompanied by high open interest indicates market logic suggests caution against main force distribution or long liquidation risks. Currently, there are no clear signs of buying absorption in the market, so it is not advisable to blindly buy in.
🎯 Direction: Short (NoPosition)
Waiting for clearer signals from price action: if the rebound fails to recover 0.212 and is accompanied by decreasing open interest, it confirms long liquidation; if volume increases and breaks below the 0.200 support, the downside potential opens. Currently, it’s best to stay on the sidelines and let the market decide its direction.
Trade 👇 here $IMX
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