$IDEX /USDT Current Price: $0.03095- Strong Bullish Momentum

24h Change: +19.93%

24h High: $0.03095

24h Low: $0.02461

24h Volume: Approximately $15.1 million

Technical Analysis:

Trend: Strong bullish momentum observed in the 1-hour chart, with moving averages indicating a 92.86% bullish trend .

Resistance Levels: Key resistance at $0.031, with potential to test higher levels if momentum persists.

Support Levels: Immediate support around $0.027, with further support at $0.026.

Trade Setup:

Entry Zone: $0.027 – $0.0275

Target 1: $0.031

Target 2: $0.034

Target 3: $0.038

Stop Loss: Below $0.026

Risk Management:

Ensure proper position sizing to manage risk effectively.

Avoid over-leveraging; consider using a maximum of 2x leverage.

Adjust stop loss levels if market volatility increases.

Market Sentiment:

The recent surge in IDEX's price indicates strong buying interest and a shift in market sentiment towards bullishness. However, it's essential to monitor for any signs of reversal or consolidation.

Conclusion:

IDEX has demonstrated impressive gains, supported by robust technical indicators and increasing trading volume. Traders should remain vigilant, adhering to the outlined trade setup and risk management strategies.