🤖 AI Insight

Based on the given technical analysis, it appears IDEXUSDT has been in a downtrend over the past day, with prices closing below the EMA25 (blue line) and heading towards the EMA7 (red line). Additionally, the Relative Strength Index (RSI) is moderately overbought (RSI14: 61.19), suggesting a potential reversal or at least a temporary pullback.

For entering a short position, consider a price below the EMA7 (0.025786778512276) and ideally below the 50-day moving average (not shown). In this scenario, a price below 0.027 to 0.026 could be an appealing short entry opportunity.

For entering a long position, actively watch the EMA7, EMA25, and the Support levels of 0.0178 for potential breakout opportunities. A high volume spike along with a close above the 0.0178 Support would be an excellent point to enter long. Stay alert for any potential trigger conditions such as a breakout on higher time frames (4-hour, daily) and an RSI reading closer to the oversold zone (40-30).

Advice on When to Buy "Spot" (non-leveraged) IDEXUSTD:

Wait for a pullback slightly above the Support level of 0.0178 and preferably close to the EMA7 crossing the MA25 or significant oversold RSI (below 30) conditions. As the larger picture is downtrending, wait for better entry signals and some level of market sentiment improvement before considering buying spot IDEX. This will increase the chances of a healthy price recovery before getting fully invested.