Shotokhan

1INCH at reversal

Long
BINANCE:1INCHUSDT   1INCH / TetherUS
Ok, if you watch the chart at daily timeframe you can see the daily candlestick closed as an hammer on the bottom, a clear bullish candlestick however I'm presenting here the 4h chart as more explicative.

Beside the reversal candlestick billinger bands are squeezing (not shown here) and Stochastic momentum indicator presents a bullish DIV, moreover VLPR shows there's a good requested over current price, meaning this is going up. On the other side volume is kinda flat... not very promising to be honest, however before sudden movements it is always like this.

If you don't have 1INCH this is a good entry point, stop loss at 3.93USDT (my support line), I'd say the current price 4.43 is a good entry price.

Good luck

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