Technical Analysis for IDEX/USDT
Current Price: $0.07441
24h Price Change: +39.37%
24h High: $0.07550 | 24h Low: $0.05232
SAR (Stop and Reversal): $0.05753 (bullish trend if price stays above this level)
Trade Momentum: Bullish (significant price increase in the last 24 hours, with strong volume)
Trade Signal:
Buy Signal: If the price holds above $0.07400, there is momentum for further upward movement. The overall trend is bullish, supported by increasing volume and a positive 24-hour change.
Target Levels 🎯:
1. Target 1: $0.07800 – Resistance level, potential breakout point.
2. Target 2: $0.08000 – Strong psychological resistance, watch for rejection.
3. Target 3: $0.08500 – Extended target if bullish trend continues.
Stop Loss:
Stop Loss: Set at $0.06800 (just below recent support at $0.06816). If price drops below this level, it may indicate a trend reversal.
Trade Momentum:
Bullish Momentum: The price has risen by over 39% in 24 hours, with healthy trading volume, suggesting continued bullish interest.
Potential Reversal: Watch for any sharp drop below $0.06800, which could signal the end of the current uptrend.
This setup assumes that the market continues to move upward; be prepared to adjust the strategy based on new price action.
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