🌧️ 1INCH Breakout Of Symmetric Wedge
Updated
1INCH has been in a symmetric wedge for a while and recently broke out from the upside, signaling bullish sentiment with good buying pressure. However, since RSI are at the highs right now, expect a retracement back to levels of ~$4.9. From there, we could see a bounce back up towards the ATH and even higher.
Note
Strong selling pressure at the $5.5 level, expect a retracement back down to $5.2, and maybe $5.0.Note
Take partial profits at the $6.3 level, leave the rest to head up to $8.
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