1INCH has seen a very long consolidation period. It has lasted for more than 6 weeks now, severely underperforming other cryptos during this time frame. This trade is based on the idea that 1INCH has a lot of lost gains to make up for, as well as a break-out of a horizontal channel.
Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
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