ANALYSIS 🔎 - 1INCH/BTC is bounded in the falling wedge pattern. - Price is testing the falling wedge's support. - The downtrend swing is resisted by the descending trendline resistance. - Breakout above the descending trendline resistance could lead test of the falling wedge's resistance. - Further breakout above falling wedge's resistance could lead to test of the horizontal resistance levels.
BUY ENTRY ⬆️ - Market entry: current market price. - Stop limit entry: breakout above the descending trendline resistance. - Limit entry: test of the falling wedge's support.
TARGETS 🎯 - Short term targets (black arrow pointer): falling wedge's resistance. - Long term targets (blue arrow pointers): Horizontal resistance levels (@0.0001334, @0.000167).
SETUP INVALIDATION ❌ - Breakdown below the falling wedge's support.