$IDEX Recovery Under Watch – Can Bulls Reclaim the Trend?
IDEX is attempting to recover from a deep correction, holding just above its short-term support zone. Buyers are showing signs of defense near $0.0204, while volume spikes hint at a potential breakout if resistance levels are cleared. A move above $0.0207 could flip the script back in the bulls’ favor.
Key Levels to Watch
Resistance Zones:
• $0.0207 – Local resistance and pivot level
• $0.0210 – Mid-term breakout trigger
• $0.0212 – Critical confirmation for upside continuation
Support Zones:
• $0.0204 – Current demand zone
• $0.0202 – Weak support & possible retest
• $0.0200 – Breakdown invalidator
Trade Setup
Bullish Entry: $0.0205 – $0.0206
• Target 1: $0.0207
• Target 2: $0.0210
• Target 3: $0.0212
Stop Loss: Below $0.0200
Watch for a strong 15m candle close above $0.0207 to confirm bullish strength. Sustained volume will be the key to validation.