$IDEX
/USDT - Technical Analysis🔥💯
Current Price: $0.06034
24h Change: -3.36%
24h High: $0.06513 | 24h Low: $0.06009
Support Level: $0.06009
Resistance Level: $0.06513
Technical Indicators:
RSI: Currently near 40, indicating neutral to slightly oversold conditions, suggesting a potential for price reversal.
Moving Averages: Short-term moving averages (SMA-20) show slight bearish momentum but price is hovering near support levels.
MACD: Mild bearish momentum, with a potential for the MACD histogram to converge, suggesting a possible reversal towards the upside.
Trade Signal:
Trade Type: Bearish-to-bullish reversal strategy.
Entry: Enter around $0.06010 (support).
Stop-Loss: Set around $0.05900 for tight risk management.
Take-Profit Targets:
1. First Target: $0.06300 (minor resistance)
2. Second Target: $0.06450 (next major resistance)
3. Third Target: $0.06510 (daily high)
Trade Momentum:
The market is currently showing low momentum but potential for a reversal if it sustains above $0.060 support. Ideal for swing traders watching for a bounce.