1INCH/USD - Potential 500+% Setup
Hello 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
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
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