Technical analysis by navid_aerospace about Symbol IDEX: Buy recommendation (12/9/2024)

Current Market Context:While there’s a noticeable increase in buyer activity, the price is in a determined downtrend. This suggests a potential accumulation phase where buyers are preparing to counteract the decline.Key Observations:Buyer Strength: Increased buying activity is evident, but sellers currently dominate the price action.Blue Box Zone: This area represents a potential demand zone or strong support where buyers may decisively step in to reverse the downtrend.Trading Plan:Bullish Entry:Wait for the price to dip into the blue box zone.Look for confirmation of reversal signals, such as bullish engulfing candles, pin bars, or a higher low formation on smaller timeframes.Targets:Initial target: Retest of nearby resistance levels.Extended target: Move to higher structural levels as momentum builds.Invalidation:If the price closes strongly below the blue box, the setup may be invalidated.Additional Notes:Volume Divergence: Track volume during the decline; increasing volume at the blue box could confirm buyer dominance.Stop Loss Placement: Set stops just below the blue box to minimize risk.This setup requires patience and precise execution. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.My Previous Analysis🐶 DOGEUSDT.P: Next Move🎨 RENDERUSDT.P: Opportunity of the Month💎 ETHUSDT.P: Where to Retrace🟢 BNBUSDT.P: Potential Surge📊 BTC Dominance: Reaction Zone🌊 WAVESUSDT.P: Demand Zone Potential🟣 UNIUSDT.P: Long-Term Trade🔵 XRPUSDT.P: Entry Zones🔗 LINKUSDT.P: Follow The River📈 BTCUSDT.P: Two Key Demand Zones🟩 POLUSDT: Bullish Momentum🌟 PENDLEUSDT: Where Opportunity Meets Precision🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs🌊 SOLUSDT.P: SOL's Dip - Your Opportunity🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer🤖 IQUSDT: Smart Plan⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One💼 STMXUSDT: 2 Buying AreasIf you traded with an upward market breakout, you made a +26% profit, congratulations.