$1INCH

/USDT Technical Analysis & Trade Signal

Current Price: $0.4597

Momentum: Bearish (downward pressure observed; price down by 4.94%)

Technical Indicators

Moving Averages (MA):

Short-term (MA10): Bearish

Long-term (MA50): Below key levels, bearish trend confirmation.

RSI: 38 (near oversold, suggesting caution).

MACD: Negative crossover, indicating bearish momentum.

Trade Signal:

SHORT position with bearish confirmation below $0.4505.

If breaking below $0.4500, momentum suggests continuation toward downside targets.

Target šŸŽÆ Levels

1. Target 1 (T1): $0.4300 (Near-term support).

2. Target 2 (T2): $0.4050 (Stronger support).

3. Target 3 (T3): $0.3800 (Deep retracement level).

Stop-Loss:

Place stop above $0.4750 to limit potential upside risk.

Momentum Notes:

Volume supports downward momentum; however, oversold conditions on RSI may trigger small pullbacks before continuation. Adjust stops accordingly.

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