1INCH is slowly but surely crawling up after a 50% sell-off ten days ago. During this period, 1INCH has produced a symmetric triangle for us to trade.
I'm betting on a bullish break-out. The market is seemingly recovering and showing strong signs that it will do so for the mid-term. Before entering this trade, wait till the price rejects the upper resistance another time and after that the Entry point is valid.
On the chart Iโve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
I'm betting on a bullish break-out. The market is seemingly recovering and showing strong signs that it will do so for the mid-term. Before entering this trade, wait till the price rejects the upper resistance another time and after that the Entry point is valid.
On the chart Iโve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
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๐Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
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๐ฅPremium Signals: www.fierytrading.com
