$IDEX
/USDT BEARISH TRADE SETUP – POTENTIAL REVERSAL AFTER PRICE SPIKE 💯 A TRADE TO WATCH CLOSELY
Market Structure:
After a sharp rally to 0.03305, price faced strong rejection and is now forming lower highs with clear signs of weakening momentum. Volume is fading, pointing toward a likely pullback.
ENTRY LEVEL:
Look to short between 0.0292 – 0.0297 on a weak rebound.
STOP LOSS:
Set above 0.0308 to guard against a potential breakout move.
TARGETS:
TP1: 0.0280
TP2: 0.0269
TP3: 0.0255
TRADE INSIGHT:
The inability to sustain above the breakout zone, along with declining buying pressure, signals possible seller dominance. A clean break below 0.0280 could trigger further downside momentum.
Risk Management:
Limit risk to under 2% of your portfolio. Once TP1 is achieved, consider moving your stop to breakeven to protect profits.
IDEX Price: 0.02958
Change: +16.87%