$1INCH Trade Setup.
1INCH/USDT 4H Chart Analysis:
- Descending Triangle: The price is forming a descending triangle, with support around $0.2106 and resistance at the trendline near $0.2600.
- RSI: Bullish divergence indicates possible reversal from oversold conditions.
Trading Strategy:
1. Bullish Setup:
- Entry: Break above $0.2600.
- Stop Loss: Below $0.2225.
- Take Profit: $0.2911 and $0.3064.
2. Bearish Setup:
- Entry:Break below $0.2106.
- Stop Loss: Above $0.2225.
- Take Profit:$0.2000 and $0.1800.
Neutral: Wait for a breakout if price consolidates between $0.2225 and $0.2500.
Risk Management: Risk 1-2% of capital with a minimum 1:2 risk-to-reward ratio.
