🚀 $IDEX /USDT Technical Analysis 🚀
Current Price: $0.06039 (+9.11% in 24h)
Timeframe: 30m Chart on Binance
$IDEX has shown a minor recovery after hitting a 24h low of $0.05500. The price is stabilizing, indicating potential for a short-term bounce or further consolidation.
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Key Levels and Targets
1️⃣ Immediate Resistance: $0.06500
A move above this level could confirm a short-term bullish trend.
2️⃣ Next Target Zone: $0.07500
A key resistance level for mid-term traders to watch for breakout confirmation.
3️⃣ Long-term Target: $0.09000
A retest of the 24h high; breaking this level could signify a strong reversal in momentum.
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Trading Strategy
Short-term traders: Look for entries near $0.06000 with targets at $0.06500 and $0.07500.
Long-term investors: Accumulate near support levels around $0.05500 and hold for a move toward $0.09000.
📌 Support Levels:
Immediate support at $0.05800, with a stronger base at $0.05500.
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Recommendation
Adjust stop-loss levels as the price moves upward to protect profits. Monitor trading volumes closely for signs of a breakout above $0.06500.