$IMX While the price is declining, open interest (OI) has reached 20.65 million, and market logic suggests caution against long liquidation or main force distribution. The current market lacks clear buy-side absorption signals, and price action indicates that selling pressure dominates.

🎯 Direction: No Position (NoPosition)

Waiting for the price to show clear signs of stabilization and a halt in decline within the 0.2000-0.2050 range (such as a bullish engulfing on the hourly chart or increased volume after volume contraction), and observe whether open interest decreases simultaneously to confirm the selling pressure has been released. Until then, the market structure remains weak, and it is not advisable to go against the trend.
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