$IDEX /USDT Trade Setup
Market Insight:
$IDEX is down -2.00%, currently trading at $0.01614, retracing from its 24h high of $0.01672. The price is hovering just above the lower Bollinger Band ($0.01607), suggesting potential oversold conditions and a possible bounce if support holds.
Entry:
Buy Zone: $0.01585 – $0.01620
(Enter near lower Bollinger Band support and local demand zone)
Targets:
🎯 Target 1: $0.01660 (Bollinger Midband / Mean Reversion)
🎯 Target 2: $0.01695 (Recent high & Bollinger Upper Band)
🎯 Target 3: $0.01735 (Resistance from depth data)
Stop Loss:
🔻 $0.01565
(Below recent swing low and Bollinger support — a break below may trigger deeper downside)
Key Levels:
Support: $0.01607 / $0.01565
Resistance: $0.01660 / $0.01695 / $0.01735
Pivot: $0.01632 (Bollinger Midband)
Pro Tip:
Watch for a bullish crossover in MACD or a SAR flip below the price to confirm a trend reversal. If volume starts rising near the $0.016 level, it could trigger a swift move to the upside due to low resistance levels ahead.
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