1INCH is forming a Head & Shoulders pattern at the top and this would be dangerous if 1INCH loses $4.5 support zone.
I think that case will not happen but 1INCH will continue to rise to $6 zone after successfully conquering $5-5.2 resistance zone.
$6 zone is so strong that a reversal is very likely here, but if successful, 1INCH will plummet to $7.5 zone or even $10 in the next few days.
๐BUY
-Buy: 4.4-4.6$. SL if B
-Buy: 5.0-5.2$ if A. SL if B
-Buy: 5.8-6.0$ if A. SL if B
๐SELL
-Sell: 5.8-6.0$. SL if A
-Sell: 7.2-7.5$. SL if A
-Sell: 9.75-10.25$. SL if A
โป๏ธBACK-UP
-Sell: 4.4-4.6$ if B. SL if A
-Buy: 2.4-2.6$. SL if B
โDetails
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
I think that case will not happen but 1INCH will continue to rise to $6 zone after successfully conquering $5-5.2 resistance zone.
$6 zone is so strong that a reversal is very likely here, but if successful, 1INCH will plummet to $7.5 zone or even $10 in the next few days.
๐BUY
-Buy: 4.4-4.6$. SL if B
-Buy: 5.0-5.2$ if A. SL if B
-Buy: 5.8-6.0$ if A. SL if B
๐SELL
-Sell: 5.8-6.0$. SL if A
-Sell: 7.2-7.5$. SL if A
-Sell: 9.75-10.25$. SL if A
โป๏ธBACK-UP
-Sell: 4.4-4.6$ if B. SL if A
-Buy: 2.4-2.6$. SL if B
โDetails
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
