$IDEX is currently trading near the lower Bollinger Band at 0.02384, indicating potential price support and a bullish reversal opportunity if the level holds. However, a 24-hour decline of 2.198% suggests caution, as further downside may test the support at 0.02381. With volatility contracting, traders should consider setting alerts around key price levels for dynamic decision-making. A stop-loss just below 0.02381 can help manage risk. Recommended action: wait for confirmation of a bullish reversal before considering a buy.

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