🔥 1INCH Potential Horizontal Channel Break-Out

1INCH has seen a very long consolidation period. It has lasted for more than 6 weeks now, severely underperforming other cryptos during this time frame.
This trade is based on the idea that 1INCH has a lot of lost gains to make up for, as well as a break-out of a horizontal channel.

Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.

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

Happy trading!