$IDEX is currently trading in a consolidation phase after a prolonged downtrend, suggesting the market is trying to build a base. Recent price action shows reduced selling pressure, which often precedes a potential short-term recovery if volume supports the move.
📉 Trend Outlook:
Higher lows on the lower timeframe hint at early bullish structure
Price is hovering near a key demand zone, acting as short-term support
📊 Technical View:
RSI is gradually recovering from oversold territory, indicating momentum stabilization
A break above the near resistance zone could open the door for a relief rally
Failure to hold current support may lead to another retest of lower levels
🧠 Market Sentiment:
Cautious optimism. Traders are watching for confirmation through volume expansion and resistance breakout before committing to larger positions.
⚠️ Always wait for confirmation and manage risk properly.
This is not financial advice.
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