$1INCH is currently testing the upper Bollinger Band at 0.2314, suggesting potential overextension if it fails to break through.
With a 24h high at 0.2324 and support at 0.2257, traders should monitor for a possible reversal.
Current volatility appears to be contracting, indicating that a breakout may be imminent.
Consider placing a stop-loss just below the lower band at 0.2263 to manage risk effectively.
Recommended action: set alerts around key resistance and support levels, and wait for a clearer signal before entering a position.
