Short

Idex/Usdt

The **current price** of the asset (Idex) is **0.08639**. 📉 This means the price is currently trading around this value.

The **support levels** are the price points where the asset has historically bounced back from, acting as a "floor" for the price:

- **0.06818** 🛑 (1st support): If the price drops, this level could act as the first line of defense where buying pressure may increase.
- **0.0500** 🛑 (2nd support): If the price keeps falling, this support level is a stronger one that might attract more buyers.
- **0.0300** 🛑 (3rd support): This is a deeper support level. If the price drops to this point, it could represent a significant opportunity for buying, or it could signal a deeper downtrend if broken.

If the price **holds** above these support levels (meaning the price does not drop below them), the asset could **rise** towards the next **resistance levels**:

- **0.011790** 🚀 (1st resistance): This is a key level where selling pressure may appear. If the price breaks through this level, it could signal a move higher.
- **0.01324** 🚀 (2nd resistance): If the price breaks past 0.011790, the next level to watch is 0.01324, which might be a tough hurdle before further gains.

So, in simple terms:
- If the price **stays above the support levels**, it may push higher towards the resistance levels.
- But if it **falls below the support**, the price could go down to the next support zone.

Remember, this is just analysis, not financial advice! 📊✨

---

Love_change_your_mind

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.