$IDEX

$IDEX

/USDT Breakout Strategy with Bullish Trend 🚀 📈 📊 💯🔥

Trade Setup

Entry Zone: $0.065–$0.070 (current consolidation range with pullbacks).

Stop Loss: $0.058 (below the 24-hour low, to limit downside risk).

Targets 🎯

1. Target 1 (T1): $0.075

Reason: Near-term resistance based on recent price retracements.

Strategy: Secure partial profits (~30%).

2. Target 2 (T2): $0.085

Reason: A psychological level close to the 24-hour high ($0.09090).

Strategy: Sell an additional ~40% of the position.

3. Target 3 (T3): $0.095

Reason: Anticipated breakout if momentum sustains, breaking above the 24-hour high.

Strategy: Exit remaining ~30% of the position.

Technical Indicators for Confirmation

Bollinger Bands:

Look for the price breaking above the upper band to confirm bullish momentum.

RSI:

Ensure RSI remains below 70 at entry (to avoid overbought conditions).

Over 70 approaching T2/T3 could signal the need for profit-taking.

MACD:

Look for a bullish crossover (MACD line crossing above the Signal line) on the 15m/1h chart to confirm entry timing.

Risk Management

Risk-to-Reward Ratio: 1:3 minimum.

Position Sizing: Allocate only a percentage of capital (e.g., 2-5%) due to volatility.

Stay tuned and manage risk as the market evolves!

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