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INX bottom breakout? 0.0144 is the critical dividing line. Can the bulls achieve a violent breakout and harvest today's first wave of profits!
Family members, attention please! The INX (Infinex) market is extremely tense right now! After experiencing a wild surge of over 40% within 24 hours, the price is currently trading around 0.0144 at a high level for turnover.
Is this a trap of a pullback after a rally, or the starting point of the next major upward wave? Let's let the data speak directly!
Hardcore market analysis: The dead or alive line between bulls and bears
Pattern: The 1-hour level shows a clear "ascending flag" pattern. After breaking through the previous resistance, the price retraced with reduced volume to the 0.0140 - 0.0142 area and found support. The candlesticks are currently close to the middle band of the Bollinger Bands, which is usually a calm before the breakout.
Signal: The RSI indicator has fallen back from the overbought zone to around 60, indicating initial risk release. As long as volume increases and it breaks through 0.0146, a violent chase by short-term trapped funds is likely to trigger a rally.
Trend: The 4-hour chart has completed a very strong "big bullish candle" coverage. Currently, the price is well above the 20-day and 50-day moving averages, with a very standard bullish alignment.
Space: According to Fibonacci extension, if the price can stabilize above 0.0140, the next psychological resistance is directly at 0.0150. Every small fluctuation now is preparing for a breakthrough to a higher system.
Today's trading strategy: Open a position at the current market price
Follow the trend, don't guess the top, just eat the meat!
Direction: Bullish
Entry point: 0.0144
Stop loss: 0.01418
🎯 Take profit targets:
First take profit: 0.01454
Second take profit: 0.01469