IDEX/USDT Technical Analysis โ Daily Chart
๐ Current Price: $0.02719 (+53.27%)
24h High: $0.03080
24h Low: $0.01643
24h Volume: 1.06 billion IDEX / 24.76M USDT
๐ Chart Breakdown:
โ RSI(6) = 88.80
Strong bullish momentum but getting close to overbought territory.
While not as extreme as 90+, itโs still high enough to watch for a short-term cooldown.
โ EMA Levels:
EMA(7): 0.01962
EMA(25): 0.01933
EMA(99): 0.02371
Price exploded through all EMAs and closed above the long-term trend line (EMA99) โ a bullish breakout signal.
โ Volume Spike:
Over 1 billion IDEX traded in 24h โ massive attention on this token.
Volume supports the breakout, but this much attention can attract volatility or quick reversals.
๐ Scenarios to Watch:
๐ If you're holding (in position):
Youโre sitting on strong gains. Consider securing partial profits.
A break above $0.030 could open room to $0.035โ$0.040 in the short term.
Use a trailing stop-loss to protect the move in case of a sudden dump.
๐ If youโre not in (looking to enter):
RSI is high โ chasing here is risky.
Wait for a pullback near $0.023โ$0.025 (EMA99 zone).
Enter only with confirmation of support and volume continuation.
๐ Support & Resistance Levels:
Resistance:
$0.03080 (current high)
Above that, watch $0.035 as psychological resistance.
Support:
$0.02371 (EMA99)
$0.020 zone (previous consolidation)
๐ง Summary:
IDEX just printed a textbook breakout โ strong volume, strong momentum.
Momentum traders may ride this wave further, but risk is rising with each green candle.
Be patient if you're not in โ better to miss a top than buy one.
Manage risk, especially with parabolic charts like this.
