🚨 Urgent Update 🚨
🔍 1INCH/USDT Chart Analysis - 1H 📊
$1INCH is forming higher highs (HHs) and higher lows (HLs) above the 200 EMA on the Lower Time Frame (LTF). The price is currently correcting and experiencing a pullback. It is expected to retrace towards the 200 EMA and the support zone. Soon, it will bounce off from there to continue its trend and test the previous swing high. 📈
📈 Key Insights:
1. Trend Formation:
Higher highs and higher lows above the 200 EMA indicate a strong upward trend.
2. Current Pullback:
The price is pulling back towards the 200 EMA and support zone, which is a potential entry point.
3. Trend Continuation:
Expect a bounce from the support zone to continue the trend and test the previous swing high.
✈️ Trade Setup:
1. Entry Point: $0.44381
2. Target: $0.51221
3. Stop-Loss (SL): $0.41641
🔥 Next Steps:
1. Monitor the Chart:
Keep an eye on the price action as it approaches the 200 EMA and support zone.
2. Execute the Trade:
Enter at $0.44381 with the target at $0.51221 and SL at $0.41641.
3. Risk Management:
Stick to your SL to manage risk effectively.
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