š 1INCHUSDT Analysis ā 1H Timeframe
After a sharp drop, 1INCH is now retracing toward the 0.5 ā 0.618 Fibonacci zone (0.208ā0.211) which aligns with a clear supply area (šµ shaded region). Price is approaching this zone after bouncing off the 0.193 low.
š§± This area could act as a strong resistance unless broken with momentum. Failure to break may result in a continuation to the downside š, potentially revisiting the 0.20 or even the 0.193 zone.
š Key levels:
Resistance: 0.208ā0.211
Support: 0.200 ā 0.193
Breakout confirmation: Clean close above 0.211 on volume
After a sharp drop, 1INCH is now retracing toward the 0.5 ā 0.618 Fibonacci zone (0.208ā0.211) which aligns with a clear supply area (šµ shaded region). Price is approaching this zone after bouncing off the 0.193 low.
š§± This area could act as a strong resistance unless broken with momentum. Failure to break may result in a continuation to the downside š, potentially revisiting the 0.20 or even the 0.193 zone.
š Key levels:
Resistance: 0.208ā0.211
Support: 0.200 ā 0.193
Breakout confirmation: Clean close above 0.211 on volume
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.