🔻 $IDEX /USDT – Breakout Fails, Retracement on the Horizon! 🔻
IDEX saw a strong surge but couldn’t sustain above the key $0.02217 resistance level. The price action is now turning bearish, forming lower highs and showing clear signs of rejection. Profit-taking has begun, and selling pressure is mounting.
📉 Short Trade Setup:
📍 Entry: $0.02141
🛡 Stop Loss: $0.02501
🎯 Targets:
• TP1: $0.01980
• TP2: $0.01820
• TP3: $0.01622
📊 Market Insight:
Even after a 25% jump, IDEX failed to convert resistance into support, hinting at a false breakout. This sets up a strong short opportunity as the price likely moves back toward the demand zone. Keep an eye on rising sell volume — the next drop could come quickly.