#2024WithBinance IDEX/USDT Quick Market Update

Current Price: $0.09735 (-2.37%)

24H High: $0.11550

24H Low: $0.06134

📈 Market Highlights

1. Massive Volatility:

• IDEX saw a significant spike, touching $0.1155, but has since retraced to $0.09735.

• This sharp correction is typical after a parabolic move.

2. Technical Indicators:

• RSI (6): 89.03 - Extremely overbought, signaling a possible cooldown.

• MACD: Bullish momentum remains intact, but divergence suggests potential consolidation.

• OBV: Volume surge supports the recent rally, indicating strong interest.

3. Support Levels:

• Immediate support lies near $0.09, with stronger support at $0.067 (previous breakout level).

• Resistance near $0.115, the recent high.

💡 Suggested Strategy

• Short-Term Traders:

• Look for a bounce at $0.09 for quick scalping opportunities.

• Keep stop-loss tight below $0.085.

• Long-Term Holders:

• Accumulate on pullbacks if bullish momentum continues and volume remains elevated.

⚠️ Risk Note:

IDEX is in a high-volatility phase, so expect sharp movements. Always manage your risk!

What’s your target for IDEX? Let’s discuss below! 🚀

#IDEX #CryptoTrading #Binance