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thedailychartist

1INCHUSDT key level break indicates likely higher prices...

Long
1INCH / TetherUS (BINANCE:1INCHUSDT)  
thedailychartist Updated   
BINANCE:1INCHUSDT   1INCH / TetherUS
Chart Patterns 1inch 1INCHUSD
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chartpattern 1inch 1inchusd
A beautiful, clean break of a key horizontal level followed by consolidation. I think if we see a dip back to 4.00 or lower for a re-test, would trigger some bids and maybe launch this, and also assuming BTC is not about to dump on us.

Watching this one closely.
Trade active
Comment:
Was about 3cents away to getting stopped out. These kinds of breakouts (i.e. price breaks level only to go back to the range to appear like it's going to be a false breakout but then immediately resumes in the direction of the breakout) happen often and I've learned to anticipate them using logical stops. Still not out of the woods but a daily close back about support would be good for this position.
snapshot
Trade closed: target reached:
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