Expected 100% bullish further !
Technical Analysis & Trade Signal for IDEX/USDT
Current Price: $0.06216
24h Change: +18.35%
Trend Overview:
The price has experienced a notable uptrend, gaining +18.35% in the past 24 hours.
SAR Indicator is suggesting potential bullish momentum with levels at 0.06325 and 0.07323 indicating support and resistance levels.
Key Levels:
1. Support Level: $0.05232 (24h Low)
The price may bounce if it retraces to this level, offering an opportunity to enter at a lower price.
2. Resistance Level: $0.09090 (24h High)
This is the upper boundary, and price might face resistance if it attempts to break above it.
3. Target Levels:
Target 1: $0.06873 (SAR resistance level)
Target 2: $0.07323 (SAR resistance level)
Target 3: $0.09090 (24h High)
Trade Signal:
Bullish Momentum: Current trend is showing upward movement, supported by the recent increase in price (+18.35%).
Trade Recommendation: Consider entering the market on pullbacks near support ($0.06216) or at higher prices near the target levels. Targets for profit-taking are set at $0.06873, $0.07323, and $0.09090.
Momentum:
Positive Momentum: The parabolic SAR is indicating a bullish trend, with higher SAR levels reinforcing the likelihood of continued upward movement.
Trade Strategy: Stay long (buy) as long as the price remains above $0.06216. Exit positions as price approaches $0.07323 and $0.09090.
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