๐Ÿ“Š $INX | Technical Analysis
๐ŸŸก Current Trend: Bullish with a retest and a short correction
๐Ÿ’ฐ Price: 0.007309$
๐Ÿ“ˆ Potential Trade: LONG
๐ŸŽฏ Confirmed Entry Zone: 0.007350 โ€“ 0.007450$ (upon candle close confirmation above)
๐Ÿ›‘ Stop Loss: 0.006700$ (below the 25 EMA level)
โœ… First Target: 0.007655$
โœ… Second Target: 0.008100$
โœ… Third Target: 0.008800$
๐Ÿ“Œ The price is trading above EMA25 (0.006707$) and EMA99 (0.006265$). It is very close to EMA7 (0.007218$). Weโ€™re waiting for confirmation of the bullish breakout above the last high before entering.
โš ๏ธ Closing an hourly candle below 0.006700$ invalidates the LONG scenario and may push the price to retest lower levels.
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โš ๏ธ Not financial adviceโ€”capital management and strict adherence to the stop loss are extremely important.