$IDEX /USDT BEARISH SETUP – WEAK BOUNCE BELOW KEY ZONE 🔻

📌 Current Price: $0.01804 (-7.49%)

📈 24H High: $0.01956

📉 24H Low: $0.01782

📊 Volume (IDEX): 29.56M

💵 Volume (USDT): 547K

🔗 Category: DeFi

🔍 TECHNICAL OVERVIEW (4H + 1D TIMEFRAMES)

is showing signs of clear bearish continuation, trading near the bottom of its 24H range after rejecting from the $0.01950 area. It is currently hovering above minor support at $0.01780, but price action remains weak.

This breakdown from the $0.02000–$0.01950 resistance area has opened the door for a retest of deeper support zones unless bulls reclaim $0.01850+ soon.

🔑 KEY LEVELS TO WATCH:

Support Zones:

🔻 $0.01780 – Immediate support (24H low)

🔻 $0.01700 – Next key demand zone

🔻 $0.01580 – Major base support from previous consolidations

Resistance Zones:

🔺 $0.01850 – First bounce resistance

🔺 $0.01950 – Recent rejection zone

🔺 $0.02050 – Major trend resistance

⚔️ TRADE SETUP (SHORT):

🔽 Entry Zone: $0.01800–$0.01820 (current bounce or rejection)

🎯 TP1: $0.01700

🎯 TP2: $0.01580

🛑 SL: $0.01870 (above minor resistance)

> 🔎 Look for a 4H close below $0.01780 with increased volume for clean breakdown confirmation.

⚖️ RISK MANAGEMENT:

Limit exposure to 2–3% of capital

Aim for 1:2+ Risk/Reward

Avoid entries if price closes above $0.01870 with bullish momentum

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📈 SUMMARY:

$IDEX is under sustained bearish pressure, with rejection at $0.01950 and a weak bounce off $0.01780 support. If this zone breaks, expect downside toward $0.01700 and $0.01580. Bulls need to reclaim $0.01850+ to reverse short-term trend.

🚨 Bearish bias intact – breakdown likely unless strong reclaim occurs soon.

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