Technical analysis by Love_change_your_mind about Symbol IDEX: Sell recommendation (12/9/2024)

IDEXUSDT 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! 📊✨---