technical analysis and trade signal for the $IDEX

/USDT pair, including three target levels and trade momentum:

Technical Analysis:

Current Price: $0.07073

Price Change (24h): +13.35% (bullish trend)

Support Level (24h Low): $0.06112

Resistance Level (24h High): $0.07922

Bid/Ask Spread: Narrowing, indicating increasing liquidity and tighter market conditions.

Moving Averages:

MA (5): 18,105,621.7 (bullish short-term momentum)

MA (10): 16,216,935.3 (bullish trend continuation)

Trade Signals:

Bullish Momentum: The price is currently showing strong upward movement (+13.35% in 24h). A breakout above the resistance level at $0.07922 could lead to further gains.

Buy Zone: If the price dips towards the support level at $0.06112 or around the bid price ($0.07394), consider entering a long position.

Sell/Target Levels:

1. Target 1: $0.07800 (approaching the 24h high, ideal for partial profit-taking)

2. Target 2: $0.08200 (a further extension if the trend continues)

3. Target 3: $0.08500 (bullish breakout above the current range)

Trade Momentum:

Momentum Indicator: Strong bullish momentum due to the positive price change and increasing volume. The trend seems to favor upward movement in the short term, with potential resistance at $0.07922.

Recommendation: Trade with caution, watch for pullbacks to the support levels, and aim for the targets above. A breakout above $0.07922 could signal a stronger upward trend.

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