🟢📊 Trade Signal for 1INCH/USDT:
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➡️Asset: 1INCH/USDT
📅 Timeframe: Monthly Chart
📉 Technical Overview:
➖Resistance: $0.6441
➖Support: $0.2000 (Lower Support Zone)
➖All-Time High: $7.8748
➖RSI(6): Currently at 34.9652, close to oversold territory, signaling potential for upward movement.
🚀 Bullish Outlook:
- Price is currently consolidating near its lower support zone, indicating a potential reversal.
- With RSI approaching oversold levels, there's a likelihood of a price increase towards the resistance at $0.6441.
- Breaking above $0.6441 could open the path towards higher levels, possibly targeting $1.00+ in the medium term.
🟢Entry Point: A strategic entry would be around $0.26 - $0.28, near the current market price and just above the lower support zone.
📈 Target Prices:
➖Short-term: $0.64 - $1.00
➖Long-term: Potential for 2,870% gains if it revisits its all-time high of $7.8748.
💼 Risk Management:
➖Stop-loss: Place at $0.20 to limit downside risk, just below the lower support.
🔎 Indicators:
➖MACD shows a slight positive divergence, suggesting a possible reversal.
➖RSI close to oversold, indicating upward momentum could be imminent.
