Idexusdtperp
Idex/usdt idea The price of Idex/USDT is currently attempting to break out of a price consolidation pattern on the weekly time-frame chart. It is common for price breakouts from such patterns to experience rapid and significant movements. I anticipate that Idex will surge in the coming days, potentially with a bullish move ranging between 100% to 200%.
It is essential to note that this is not financial advice. Please perform your own research (DYOR) before making any investment decisions.
IDEX/USDT Facing on the key area. Could IDEX Break or rejected ?💎 IDEX has recently exhibited significant market dynamics. Presently, IDEX is encountering resistance in the supply area.
💎A successful breakout above this zone could lead to an easier breach of the resistance trendline, probability propelling the price toward our target area.
💎 However, if IDEX fails to break above the resistance and experiences rejection, there's potential for the price to retreat downwards, possibly towards the demand area.
💎 The demand area holds significant importance, as historically it has acted as a pivotal level for price action.
💎Bounces from this area have often signaled reversal opportunities. However, if IDEX breaks below the demand area, it could signify a bearish continuation, with the price likely heading toward key support levels or even lower.
Idex price is pumping up, but for how long?For now, the BTCUSDT price is in a critical zone, where buyers and sellers are "debating" whether to go next: up or down.
IDEX buyers at this time decided to organize a coin pumping.
To be honest, we have not studied the project and what triggered this pump, because risk management does not allow us to trade such volatility. If you have any useful information about IDEX, please share it in the comments.
But we can share our opinion on where the price can go during the pump.
While we were writing this idea, the IDEXUSDT price reached the first target of 0.105$, as this is a strong liquidity level from which a correction to $0.062 can easily begin.
Are you itching to take part in this pump?)
Then at least wait until the IDEXUSD price breaks through and consolidates above 0.105$
If this condition is met, the following targets will be opened: 0.17$ and 0.25$
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more