1INCH/USDT from Binance, here’s a brief technical analysis with key levels and insights:
Key Support and Resistance Levels:
Immediate Resistance: $0.2175 (24h high – price faced strong rejection here)
Immediate Support: $0.2003 (area of prior consolidation and 99 MA)
Stronger Support: $0.1942 (previous swing low)
Stronger Resistance: $0.2186 (top wick; potential breakout level)
Entry Point (Key Level):
Aggressive Entry: Around $0.2050–$0.2060 (current area, near MA25 and slight retracement zone)
Conservative Entry: Around $0.2000–$0.2005 (closer to MA99, better risk-reward if price retests support)
Exit Point (Key Level):
Short-Term Target: $0.2175 (resistance area)
Next Target After Breakout: $0.2250+ if volume supports breakout beyond $0.2186
Volume and Momentum:
Recent surge in volume suggests bullish interest.
MACD looks like it’s trying to cross bullishly.
Price bouncing off MA25 and holding above MA99 = medium-term bullish structure.
Strategy Tip:
If price holds above $0.2050, a breakout attempt toward $0.2175 is likely.
A dip toward $0.2000–$0.2020 could be a good entry for a safer setup.
Watch volume at resistance – strong volume could confirm a breakout.#CriptoTrading #setup $1INCH