$IDEX – SHORT TRADE SIGNAL AS RALLY FADES NEAR RESISTANCE
WEAK BOUNCE AFTER LOCAL TOP
PRICE FAILS TO HOLD ABOVE $0.040
$IDEX surged to $0.0432 but faced heavy rejection, forming a short-term lower high. The breakdown below $0.037 confirms a bearish reversal with decreasing volume on bullish attempts. A retracement toward previous demand levels appears likely if the downtrend continues.
Trade Setup:
Short Entry: $0.03550 – $0.03620
Target 1: $0.03200
Target 2: $0.03000
Stop Loss: $0.03780
Market Outlook: Bearish momentum building after failed breakout. Watch for acceleration below $0.034.
IDEX
0.01277
-15.87%
