IMX has broken down, time to wait.

It is now time to sit on our hands and wait for a good entry for IMX.

This rising ascending wedge technically wants to break down (and it has), ultimately constituting a bear flag pattern, that will now continue the preceding down trend.

If bitcoin were to nuke downwards, then the local low here (bottom of the range) would be a great place to sit.

Option 1 and option 2 make sense to me for longs, but I would argue that they sit a bit to close to then stay in them for any length of time. (Quick scalps here).