1INCH entry point

1INCH has seen an impressive move in the past couple of hours and a nice retrace as well. If we draw a Fibonacci tool on the Daily time frame, it shows us that price has retraced at the -0.382 level.

As we can see the MA's moving away from each other this could indicate that the move is not yet done with.

Taking an entry here with a Stop loss set slightly below the most recent swing low seems like a reasonable trade. With the a daily level (and ATH) as target (green bar) this gives us a nice 5.6R:R trade opportunity.

Have you been able to profit off this 1INCH move?
1inch1INCHBTCTrend Analysis

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