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Price bounced from support around 0.0105
Now moving up with a green candle
MACD turning positive â possible short-term bullish momentum
Resistance above near 0.0135 â 0.0154
Also overall forecasts show INX trading roughly $0.011â$0.015 short term, meaning the market is still ranging. ïżœ
MidForex
Possible Next Move
đą Bullish Scenario
If price breaks 0.0128â0.0130
Target 1: 0.0135
Target 2: 0.0148 â 0.0154
Trade idea:
Entry: 0.0122 â 0.0124
TP: 0.0135 / 0.0148
SL: 0.0117
đŽ Bearish Scenario
If price fails at 0.0126 â 0.0130
Drop back to 0.0115
Strong support 0.0105
Trade idea:
Short entry: near 0.0129
TP: 0.0116
SL: 0.0135
â My opinion:
Market looks short-term bullish bounce, but still range market. Best trade is buy near support, sell near resistance.