1INCHUSDT trade ideas
1INCHUSDT is testing the support. New bullish impulse soon?The price is inside a descending channel and the market is testing the the demand zone on 0.58$ area.
The price needs to grab new liquidity and create a clear breakout from the 0.6$ area.
How to approach it?
IF the price is going to have a breakout and retest the 0.6 area as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
1INCH - Potential SHORT -15MIN/1HR - Binance for BINANCE:1INCHUSTrading view post:
Trade Status: ACTIVE
Trader: Drizzzled (AUS)
Trade Type: LONG
(RE-ENTRY/DCA ABOVE previous entry post)
- N/A ON THIS TRADE
-breakout trade/not retrace trade
Entry 1: 0.585 (entry 1 box options)
-if missed focus on next entries. Don’t stress.
Entry 2:
Entry 3:
Entry 4:
Entry 5:
Entry 6:
Entry 7:
Stop Loss:
Entry 1: Gann stop loss - 0.570 (entry 1 only)
-5-10% move from your chosen entry 1
-slightly above/below entry/key resistance
-1:1 or to own personal risk factor
Entry 2: 0.578
Entry 3:
Take Profit Targets:
-0.600 (200ema tp)
-0.620 (.618’s tp)
-0.634 (800ema tp)
-
-
Comments: N/A ON THIS TRADE
-move stop loss to break even once target 1 is hit. DCA entries above/below if stop loss is hit.
-emas will rise/drop with time so shift tp accordingly. If we re-enter higher/lower our same emas become our take profits. Also i have put boxes around key supports which I may choose to take earlier or later profits at too.
-by all means you can long from the daily open to these higher target ‘short’ entries.
-you don’t have to enter at ‘entry 1’ if you would rather enter higher.
-level 1,2 or 3 ,pumps/moves, can go higher and create new levels, hence the re-entries. It’s a shorter time frame strategy.
1 INCH. At the moment 1inch is performing a beautiful falling wedge running into support, a breakout of the falling wedge could result in 20% profit in the short term.
I believe that 1INCH has a lot of work to do before we see a complete double bottom.
I could imagine a breakout and then a retest of this same level putting in a last double bottom, givin us a bigger measured move, before the real big take off. - well how knows? but I see 20% profit potential in the short term.
Watch for a breakout here.
1INCHUSDT is testing the resistance 🦐The price retest the 0.618 Fibonacci level after a bounce from the daily support on 0.6$
Now the price is testing the 4h resistance and the market is trying to have a breakout
How to approach it?
IF the price is going to have a breakout and retest the resistance as new support, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐