🚨1INCHUSDT URGENT UPDATE 🚨
💰 1inch Mid-Term Setup
The current structure of 1inch is incredibly promising. After accumulating inside a Descending Broadening Wedge for 721 days, we see an Inverse Head & Shoulders (iH&S) reversal formation emerging. This setup indicates a strong potential for a bullish breakout. Here's a detailed, step-by-step guide to take advantage of this opportunity.
Technical Analysis Overview
🔍 Key Observations:
1. 721 Days of Accumulation:
1inch has been accumulating inside a Descending Broadening Wedge for 721 days, indicating a strong base and potential for a breakout.
2.Inverse Head & Shoulders:
A bullish reversal pattern is forming within the wedge, signaling an impending trend change.
3. Awesome Levels:
Key levels have been respected consistently, enhancing the reliability of the setup.
📈 Targets
1. Target 1: $1.2250
2. Target 2: $1.87
3. Target 3: $3.7
🛒 Best Time to Buy for Spot Trading
To maximize your gains, consider the following steps for spot trading:
1. Assessment & Confirmation
Ensure the iH&S pattern is complete and a breakout from the Descending Broadening Wedge is confirmed.
Look for strong volume on the breakout to validate the move.
2. Entry Point
Buy Zone:
Enter your spot position around the breakout level, ideally close to $0.8 - $0.9.
3. Allocation Strategy
Use 20% of Your Wallet Size:
Allocate 20% of your trading wallet for this spot trade. This balanced approach mitigates risk while ensuring significant potential gains.
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