The recent trend of IDEX is quite interesting - first, a bullish belt hold directly pumped it up, and now it has turned back to confirm support.

The current price hovers around 0.0153, to be honest, this position is a bit awkward. Looking upwards, there is significant pressure around 0.016 to 0.018, after all, it has just risen, and profit-takers will definitely want to run; further out, 0.019-0.020 is the previous high area, we need to see if there is new capital to take over. As for the downside? 0.014-0.0136 is the first line of defense, just sticking to the 25 and 99-hour moving averages, holding here means the bulls are standing firm. If this is broken, then 0.012 might need to say hello.

The trading volume has indeed exploded, but if you look closely — there was a huge amount when it was pushed up, and although it's still relatively active now, it's obviously shrunk. The MACD bars also show some signs of fatigue, and it's at times like this that a deep V washout is most likely to occur.

My view? In the short term, it's still bullish, but don't chase blindly. Wait for it to retrace and stabilize at 0.014, and if it breaks above 0.016 with increased volume, then the odds of success will be higher when following in. If the moving averages can't hold, then it's best to stay on the sidelines and not confront the market head-on. Controlling your position size is the most important.