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$IDEX The current price of the asset (Idex) is 0.08639. 📉 This means the price is currently trading around this value. The support levels are the price points where the asset has historically bounced back from, acting as a "floor" for the price: 0.06818 🛑 (1st support): If the price drops, this level could act as the first line of defense where buying pressure may increase. 0.0500 🛑 (2nd support): If the price keeps falling, this support level is a stronger one that might attract more buyers. 0.0300 🛑 (3rd support): This is a deeper support level. If the price drops to this point, it could represent a significant opportunity for buying, or it could signal a deeper downtrend if broken. If the price holds above these support levels (meaning the price does not drop below them), the asset could rise towards the next resistance levels: 0.011790 🚀 (1st resistance): This is a key level where selling pressure may appear. If the price breaks through this level, it could signal a move higher. 0.01324 🚀 (2nd resistance): If the price breaks past 0.011790, the next level to watch is 0.01324, which might be a tough hurdle before further gains. So, in simple terms: If the price stays above the support levels, it may push higher towards the resistance levels. But if it falls below the support, the price could go down to the next support zone. Remember, this is just analysis, not financial advice! 📊✨ #BURNGMT #BinanceHODLerMOVE #AmazonBitcoinMove #IDEX #Write2Earn
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#Morpho 📉 Price Rejection at 2.800 The price of Morpho Coin ($2.2148) was rejected at a previous resistance level of $2.800, which means it couldn't break past that level and moved back down. This is an important point for traders, as the price struggled to go higher, and now we're seeing it at a lower price. 🛑 Support Levels The support levels are areas where the price might find buying interest and potentially reverse upwards. For Morpho Coin, the support levels to watch are: $1.7634 📉 $1.3456 🔽 If the price continues to decline, these are key levels where the price may stabilize or bounce back. 🚀 Long Position Potential For a long position (buying), many traders would look for the price to test the support levels like $1.7634 or $1.3456, hoping for a price reversal and aiming to profit if the price goes back up. It's important to wait for confirmation of a bounce off these levels to minimize risk. Keep in mind, this is a technical analysis explanation and not financial advice! Always do your own research and consider market conditions. #Write2Earn #Write2Earn! #morpho #free
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