$IDEX as a short opportunity like how it always have been. I wanted to share my perspective on IDEX as a short opportunity. There are several factors that lead me to believe this:
Low volume: The current trading volume of IDEX is significantly low, indicating a lack of interest and participation from the market. This lack of liquidity can make it challenging for the price to gain momentum.
Poor AMA (Ask Me Anything): The recent AMA conducted by the IDEX team failed to provide satisfactory answers or address concerns effectively. This lackluster communication can erode investor confidence and potentially lead to a negative sentiment surrounding the project.
Underperforming compared to NASDAQ:FLEX : IDEX's performance has been disappointing when compared to the performance of $FLEX. If a similar project in the same market is outperforming IDEX, it suggests that IDEX may not be capturing the attention or trust of investors as effectively.
Considering these factors, I believe that shorting IDEX could be a strategic move. However, please note that investing and trading decisions should be made based on thorough research and personal judgment. Market dynamics can be unpredictable, so it's essential to assess the risks involved.