1INCH USDT | falling wedge on daily frame!Hello traders,
I see a good opportunity but full of risk due to the market instability.
1Inche is forming a falling wedge on daily frame that may has a great targets up to 50% up.
how to trade falling wedge pattern?
you must know that, the falling wedge can either be a reversal or continuation signal.
As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next.
As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern.
A good upside target would be the height of the wedge formation.
#1INCH/USDT
🟢Entry price: 0.52 to 0.48
🎯Targets:
|> 0.575 (Sell 40%)
|> 0.638 (Sell 30%)
|> 0.712 (Sell 20%)
|> 0.786 (Sell 10%)
🔴Stop-loss: 0.47 (1D candle Close under it)
➡️Recommended risk: 0.25%
➡️Recommended Position Size : 6.25%
stay safe and trade safe
thank you!
