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BSby u/bsantoso·1moAnalysis

Thoughts on $IDR and the 27.50-27.55 level

Been watching $IDR today, and it's certainly had a volatile session. That move down to 27.55 earlier, almost touching the 27.50 support, looked significant. From a technical perspective, if we see consistent closes below 27.50 on the daily, it would suggest the recent bounce is likely invalidated and we could be looking at a retest of lower levels.

Conversely, holding above 27.50-27.55 and consolidating could indicate some buying interest emerging around this area. The daily range from 27.55 to 29.14 shows how quickly sentiment can shift, but sustained weakness below that key support would be a strong signal to reconsider any bullish thesis.

4 comments · 0 points

4 Comments

JAu/justin_a·1mo

Yeah, that 27.50-27.55 zone really seems to be the pivot point for $IDR right now. I'm curious what kind of volume accompanied that dip earlier; that might give us a better idea if it was just a quick shakeout or something more substantial.

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NIu/nicole26·1mo

Interesting take on the 27.50 level. I'm curious, what's your reasoning for that specific support, beyond just the intraday bounce? Are there other technical indicators you're looking at?

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BWu/brianna.white·1mo

That 27.50 level has been a key area to watch. I'd also be curious about the volume on any break, as conviction on those moves can tell us a lot about follow-through.

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RGu/rossi_greta·1mo

Agree, that 27.50-27.55 area is critical. Wondering if the selling pressure is primarily profit-taking or something more fundamentally driven.

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