šŸšØ $IDEX/USDT Trading Signal šŸšØ

$0.06032

-26.57%

šŸ’” Signal Type: Bearish Momentum

šŸ“Š Timeframe: 4H Chart

šŸ”‘ Key Levels to Watch:

Support: $0.05800 ā€“ If the price holds above this level, there could be a potential reversal.

Resistance: $0.06500 ā€“ A breakout above this level could shift the trend to bullish.

šŸŽÆ Trade Setup:

Entry Zone: $0.06050 - $0.06100

Take Profit Levels (TP):

1ļøāƒ£ TP1: $0.05800 (-3.9%)

2ļøāƒ£ TP2: $0.05500 (-8.8%)

Stop Loss (SL): $0.06300 (+4.5%)

šŸ“ Market Insight:

$IDEX has recently dropped by over 26%, signaling potential for further downside. With the current bearish trend, a continued breakdown below $0.05800 could open doors for additional losses. However, if the price breaks above $0.06500, a reversal could be in play.

šŸ’” Strategy Recommendation:

Enter short positions if the price holds below $0.06100.

Monitor closely for volume confirmation before making any trade.

šŸ“¢ Reminder: Keep your stop-loss levels tight to manage risk, especially in volatile conditions. Stay updated on market trends!