💎 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.