$1INCH /USDT – Caution: Early Downtrend Signal (Short Setup Idea)
Current Price: $0.2891
Today’s Gain: +14.09%
24h Volume: 190.81M 1INCH
Category: Mid Cap | Trend Shift
Why Be Careful Now?
1INCH pumped earlier but failed to hold above $0.29. After touching $0.3228, it dropped and now shows lower highs on the 5-minute chart. Red candles are growing, which signals early selling pressure.
Important Price Levels:
Support: $0.2860 and $0.2800
Resistance: $0.2940, $0.3010, and $0.3100
Trade Plan (Short Setup):
Short Entry Zone: $0.2890 – $0.2910
Stop Loss: Above $0.2945
Target 1: $0.2860
Target 2: $0.2820
Target 3: $0.2790
In Short:
$1INCH is showing signs of weakness after a strong pump. If price stays below $0.2910, a pullback may continue. Use proper stop loss. This setup suits short-term futures traders watching for trend reversals.