š» $IDEX /USDT ā Bearish Outlook & Short Trade Setup
Entry: $0.02050
Target 1: $0.01880 (~8.2% profit)
Target 2: $0.01650 (~19.5% profit)
Stop Loss: Above $0.02520 (~22.9% risk)
š Bearish Analysis:
IDEX is up +17.95%, but 24h high at $0.03080 was strongly rejected, signaling a bull trap or fakeout.
Price has already dropped back to $0.0205, retracing heavily and losing momentum.
Volume remains high (500M), indicating panic or exit liquidity, not fresh demand.
Lower highs are forming, and key support zones ($0.0188, $0.0165) are in sight.
This suggests a bearish continuation unless the price quickly recovers above $0.025. For now, pressure favors the downside.