Hi friends hope you are well and welcome to the new update on the 1inch token.
On the daily chart, the price action of the 1inch has completed the final leg of bullish Cyhper and entered the potential reversal zone.
Buying and sell targets:
The buying zone starts from 0.618 to 0.786 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 as below:
$ Buy between $1.0830 to $0.9386
Sell between: $ 1.1969 to $ 1.4709
Stop loss:
The maximum extent of the potential reversal zone at 0.786 Fib level can be used as stop-loss, which is $0.9386.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 56.5%, and the loss possibility is 13.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
On the daily chart, the price action of the 1inch has completed the final leg of bullish Cyhper and entered the potential reversal zone.
Buying and sell targets:
The buying zone starts from 0.618 to 0.786 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 as below:
$ Buy between $1.0830 to $0.9386
Sell between: $ 1.1969 to $ 1.4709
Stop loss:
The maximum extent of the potential reversal zone at 0.786 Fib level can be used as stop-loss, which is $0.9386.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 56.5%, and the loss possibility is 13.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Note
Friends, plz ignore the buying range in the chart, follow the buying and sell targets mentioned in description thanks
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.