$IDEX Yan Jie 15-minute K-line analysis 📊

1. Price and moving averages

• Current price: 0.00764 USDT, slightly up 0.26% for the day, showing a fluctuating trend.

• Moving average system:

◦ Short-term moving average (MA7, 0.00762), medium-term moving average (MA25, 0.00763), and long-term moving average (MA99, 0.00764) are almost converging, with prices fluctuating near the moving averages, indicating an unclear short-term trend.

◦ The moving average system is entangled, lacking a clear direction.

2. Volume performance

• Current trading volume: 218,464.1, higher than the 5-day and 10-day volume moving averages (approximately 146,000 and 153,000), indicating some capital involvement during the rebound phase.

• Recent volume peak occurred during the rebound bullish candlestick phase, showing some capital attempts to push, but sustainability remains to be observed.

3. Key price levels

• Support level: Recent low of 0.00758 USDT.

• Resistance level: 24-hour high of 0.00775 USDT.

4. Comprehensive judgment

• Short-term trend: Fluctuating. The moving average system is entangled, with prices fluctuating within a narrow range, lacking a clear direction.

Yan Jie’s operation suggestions:

◦ Mainly watch and wait for the price to effectively break through the 24-hour high of 0.00775 USDT or drop below the recent low of 0.00758 USDT before considering the trend direction.

◦ If the price breaks through the resistance level with increased volume, consider following the trend; if it breaks below the support level, be alert to further pullback risks.

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