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$INX After recoil to the key resistance level, the momentum diminishes, and the bulls are unable to follow through, with selling pressure gathering.
Go short immediately $INX
Entry: 0.01470 – 0.01480
Stop loss: 0.014900
First target: 0.014505
Second target: 0.013921
Third target: 0.013507
The upward thrust has failed to sustain, and the price is hovering in the overbought zone, while trading volume is shrinking. This indicates that the upward momentum is running out, and buying power is insufficient to support further breakthroughs. The market feels heavy, and sellers are likely positioning before the key resistance level. If selling activity remains active, the price is expected to start a downward correction, seeking more solid support.
Trade $INX here 👇