$IDEX /USDT BEARISH TRADE SETUP POSSIBLE REVERSAL AFTER SPIKE šÆ Don't Miss This Trade
Market Structure: Price rallied sharply to 0.03305 but faced rejection, now forming lower highs and showing signs of momentum loss. Volume is tapering off, indicating potential for a pullback.
ENTRY LEVEL:
Enter short between 0.0292 ā 0.0297 on a weak bounce.
STOP LOSS:
Above 0.0308 to protect against a sudden breakout attempt.
TARGET POINTS:
TP1: 0.0280
TP2: 0.0269
TP3: 0.0255
TRADE ANALYSIS:
The failure to hold above the breakout zone combined with waning buying volume suggests sellers may push price lower. A break below 0.0280 could accelerate the downside move.
Risk Management: Keep position risk under 2% and adjust stop loss to break-even once TP1 is hit.