Technical analysis by blacktr46 about Symbol IMX: Sell recommendation (10/24/2024)

I had previously posted an analysis of imx, it had a trend structure that I liked very much, but unfortunately it seems to have broken down. It tried and even broke the 1.65 resistance many times, but it fell below it again, I marked it on the chart. The current image shows that it has entered a downtrend, but if it returns from 1.36, which is a small intermediate support area below, we should not wait for it to fall into the rising channel again, otherwise it can fall to 1.250, which is an important support below. I hope this decline remains fake and it enters the channel again, falls above 1.65 and continues its uptrend. I will follow the support and resistances on the chart.