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$IDEX / USDT: Bearish Continuation Setup
Analysis by: Nabiha Noor
The price action for IDEX is currently flashing cautionary signals. After a failed attempt to reclaim psychological levels, we are seeing a clear rejection from local resistance. With weak buying follow-through, the path of least resistance remains to the downside.
🔍 Market Context
Rejection: Price struggled at the 0.00995 zone.
Trend: Short-term bearish momentum is building as RSI remains neutral-to-weak.
Outlook: Best suited for a short scalp with disciplined profit booking.
🛠 The Trade Setup
Action Zone / Level
Sell Zone (Entry) 0.00980 – 0.00995
Risk Cut (Stop Loss) 0.01010
Bias Bearish below 0.00995
🎯 Downside Targets (Take Profit)
TP1: 0.00960 (Immediate Support)
TP2: 0.00940 (Structural Low)
TP3: 0.00915 (Major Liquidity Pool)
💡 Pro Tip
Keep an eye on volume. If
$IDEX breaks 0.01010 with high volume, the bearish thesis is invalidated. Always trade with proper risk management.
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