FieryTrading

πŸ”₯ 1INCH Symmetric Triangle Break-Out

Long
BINANCE:1INCHUSDT   1INCH / TetherUS
1INCH is slowly but surely crawling up after a 50% sell-off ten days ago. During this period, 1INCH has produced a symmetric triangle for us to trade.

I'm betting on a bullish break-out. The market is seemingly recovering and showing strong signs that it will do so for the mid-term. Before entering this trade, wait till the price rejects the upper resistance another time and after that the Entry point is valid.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!
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Comments

nice setup mate
Reply
great idea, I agree with you!
Reply
Awesome levels, thanks
Reply
Great analysis again. Thanks for sharing!
Reply
FieryTrading KlejdiCuni
@KlejdiCuni my pleasure bro πŸ™
Reply
Very possible, thanks mate ;)
Reply
FieryTrading StevesTradingV
@StevesTradingV πŸ™πŸ”₯
+1 Reply
Wonderful analysis here
Reply
FieryTrading T_V_TreeTrader
@T_V_TreeTrader my pleasure bro
Reply
thanks i love man.
Reply
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