IDEXUSDT | SPOT BUY AREACurrent 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.
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