1INCHUSDT lost its dynamic support, which could be a bearish signal for traders.
The dynamic support refers to a moving average or trendline that acts as a support level for the price. When the price falls below this support level, it may indicate a shift in market sentiment, from bullish to bearish. In this case, the price of 1INCHUSDT could retest the 0.382 Fibonacci level, which is a commonly used retracement level in technical analysis.
If the price fails to hold at the 0.382 Fibonacci level, it could create a new bearish impulse, which may push the price further down towards the 0.44 $ area. According to Plancton's Rules, which is a trading strategy based on Fibonacci retracement levels, this could be a good opportunity for short selling.
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Follow the Shrimp 🦐
Keep in mind.
The dynamic support refers to a moving average or trendline that acts as a support level for the price. When the price falls below this support level, it may indicate a shift in market sentiment, from bullish to bearish. In this case, the price of 1INCHUSDT could retest the 0.382 Fibonacci level, which is a commonly used retracement level in technical analysis.
If the price fails to hold at the 0.382 Fibonacci level, it could create a new bearish impulse, which may push the price further down towards the 0.44 $ area. According to Plancton's Rules, which is a trading strategy based on Fibonacci retracement levels, this could be a good opportunity for short selling.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
Note
everything as expected10% so far
Note
The price is following my arrowNote
The price is following my arrow Note
hit the demand zone right nowNote
18% Note
24% 
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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.