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In this analysis, I want to review the 1INCH coin for you. It’s one of the DeFi coins, with a market cap of $256 million, ranked 162 on CoinMarketCap.
⏳ 4-Hour Timeframe
As you can see in the 4-hour timeframe, this coin is sitting on a support floor at the 0.1668 zone and has formed a range box at this bottom.
🔔 There’s a key supply zone at the top of this range box, which I’ve marked as a range for you, and currently, the price is inside this zone.
📊 Given the significant buying volume that has entered this coin, the price has penetrated into this range and is testing it for the several-th time.
✨ If this range is broken, we can confirm the bullish reversal of this coin and open a long position. Volume has already given us confirmation, and if RSI enters the Overbuy area, that will be our momentum confirmation.
🔼 The next resistance levels for this coin—which we can consider as targets—are 0.2031 and 0.2207.
✔️ If the price gets rejected from this zone, it may move back down toward the 0.1668 floor. For a short position, we can enter if 0.1668 is broken.
📉 However, if we get confirmation of rejection from the zone, we can look for an early entry trigger in the lower timeframes.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
In this analysis, I want to review the 1INCH coin for you. It’s one of the DeFi coins, with a market cap of $256 million, ranked 162 on CoinMarketCap.
⏳ 4-Hour Timeframe
As you can see in the 4-hour timeframe, this coin is sitting on a support floor at the 0.1668 zone and has formed a range box at this bottom.
🔔 There’s a key supply zone at the top of this range box, which I’ve marked as a range for you, and currently, the price is inside this zone.
📊 Given the significant buying volume that has entered this coin, the price has penetrated into this range and is testing it for the several-th time.
✨ If this range is broken, we can confirm the bullish reversal of this coin and open a long position. Volume has already given us confirmation, and if RSI enters the Overbuy area, that will be our momentum confirmation.
🔼 The next resistance levels for this coin—which we can consider as targets—are 0.2031 and 0.2207.
✔️ If the price gets rejected from this zone, it may move back down toward the 0.1668 floor. For a short position, we can enter if 0.1668 is broken.
📉 However, if we get confirmation of rejection from the zone, we can look for an early entry trigger in the lower timeframes.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
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.
💥 Don’t Miss Out!
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
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.