1INCH/USD - Potential 500+% SetupHello Traders!
1inch completes the correction phase moving in a local downtrend. The price reached the buyers' interest zone of $1.05 - $1.58
In the visible trades volume profile, we see that the main volume is traded above the level of $2.54, which means that buying below the $1.58 price level will be very advantageous for the medium and long-term deals.
It is possible to gain a position in the range of $1.05 - $1.42. It's better to keep 25% of allocated funds for the deal in case of a price decrease to the price level of $0.76 though.
The targets for fixing of such purchases will be price levels
$4,26
$5,88
$6,65
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
1inchusdt
1INCHUSDT Analysis (LOCAL VISION)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 2.2 - 2.5 - 2.7
after first target reached move ur stop to breakeven
Stop: 1.65 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
The 1INCH rebounded from the resistance at $ 2.09.Hello everyone, let's take a look at the 1D 1INCH to USDT chart. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 1.89, if the support breaks down, the next one is $ 1.75 and $ 1.65.
Now let's move from the resistance line, as you can see, the first resistance is $ 2.09, on which the price has already rebounded, if you manage to break it, the next resistance will be $ 2.30, the next one is $ 2.60 and the next one will be around $ 2.99.
Looking at the CHOP indicator, we can see that most of the energy in the 1D interval has been used up.