$IDEX – EXPLOSIVE MOVE, BUT CAN IT HOLD?
After a strong vertical breakout that touched $0.03060, $IDEX has faced immediate profit-taking pressure, pulling back to around $0.02796. Bulls managed to break multiple resistance levels in a single push, but the quick retracement signals short-term volatility ahead.
Trade Setup:
Type: Long (only if price holds above 0.02750)
Entry Zone: 0.02750 – 0.02800
Take Profit 1: 0.02950
Take Profit 2: 0.03050
Stop Loss: 0.02680
Market Outlook:
Momentum remains bullish in the bigger picture, but the current red candle shows sellers are testing the breakout’s strength. Holding above 0.02750 keeps bulls in control — losing this level could trigger a deeper pullback toward 0.0265. Watch for volume confirmation before re-entering.
